Your new computer costs $1500 but depreciates in value by 15% each year. To the nearest whole number, how many years will it take for the computer to worth $456? Hint: Plug the values you know into the formula A P (1 – r)' and use inverse operations to solve for t. You will need the change of base formula! The computer will be worth $456 in about type your answer... years.

Your new computer costs $1500 but depreciates in value by 15% each year. To the nearest whole number, how many years will it take for the computer to worth $456? Hint: Plug the values you know into the formula A P (1 – r)' and use inverse operations to solve for t. You will need the change of base formula! The computer will be worth $456 in about type your answer... years.

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

See similar textbooks

Related questions

Q: A car is purchased for 38,000 and it depreciated it value by 1/2 every 4.5 years how long to the…

A: Given Information- A car is purchased for = 38,000 units Its value is depreciating by 1/2 every 4.5…

Q: At what annual rate of simple interest must $12 000 be invested to earn $135 in interest each…

Q: A bungee jumper is attached to a cord that stretches to a length of 83 feet. If he rebounds to 60%…

A: Length of cord=83 feet and jumper rebounds 60% of the height he jumped

Q: How much should you invest at 4% simple interest in order to earn $85 interest in 8 months?

A: The formula to calculate the simple interest is given by S.I=P*T*R100Where, S.I =simple…

Q: solve each of the following for the indicated variable. I = (100M) / C for C (Intelligence quotient)

A: We have to solve the given equation for the indicated variable.

Q: ou invest $1400 in an account compounded continuously at 2.25$ for 5 years. How much money do you…

A: Formula for finding the amount in compound interest - A = P1+R100t…

Q: The balance A (in dollars) in an investing account is given by A 7000e.0, where t is the number of…

A: According to company rule we can answer only first three sub parts and rest can be reposted.

Q: Ben has a savings account at a bank that charges a $4.50 fee for every month his balance falls below…

Q: How long will it take $7,000 to grow to $10,000 at 6Ya annual interest compounded monthly. Rorurd…

Q: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

A: Given:Principal amount (P) = $20,000Final amount (A) = double the principal amountInterest rate (r)…

Q: QUESTION 14 A bicycle rental company calculates rates using the equation: Total Rate = $1.50 x…

A: Given that A bicycle rental company calculates rates using Total Rate=$1.50*(number of hours )+$20…

Q: How many years will it take $1 to triple $3 at an annual rate of 5 %

Q: Name the formula that you use to solve the following problem. How much money should be deposited…

Q: I. Simplify each exponential equation 1. 2. (4) 3r-5 (m 2rs, 3

A: We have to simplify the exponential expression: 1.423r-52.m2x+53x We know the exponents rule,…

Q: e out those numbers for each month?

A: Advertisement Sales MARCH 900 56000 APRIL 2700 89000 MAY 3150 98500 JUNE 1300 54000 JULY…

Q: The formula A=P(1+r)2 gives the amount A in dollars that P dollars will grow to in 2 years at…

Q: Would RS be equal to 17.3? What is the formula to get the answer? the question is in the picture.…

Q: A = P(1 + rt) %3D

Question

Your new computer costs $1500 but depreciates in value by 15% each year. To the nearest whole number, how many years will it take for the computer to be worth $456?

**Hint:** Plug the values you know into the formula

\[ A = P (1 - r)^t \]

and use inverse operations to solve for $ t $. You will need the change of base formula!

The computer will be worth $456 in about \_\_\_\_\_ years. (type your answer)

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

You have recently purchased a new car that costs $25,000. However, for each year that you own it, you can expect the car to lose about $2,000 in value each year (this is the depreciation of the car). Write a formula that will allow you to compute the depreciation after tyears.
How much should you invest at 3% simple interest in order to earn $95 interest in 15 months?
If 3/x – 3 + 10 = 22, what is the value of x – 3 ? %3D
Carly wants to invest $1000 in an account that earns 8% interest, compounded quarterly. How many years will it take for he account to have a value of $5000? Round to the nearest whole number.
The balance in a bank account grows by a factor of a each year and doubles every 15 years. (b) Find a.Round your answer to three decimal places.
How much should you invest now at 3 3/4% simple annual interest in order to earn $190 interest in 5 months? State your result to the nearest penny.
How much will a deposit of $5000 amount to after 7 years if it is compounded every 6 months (2 times/year) at a 3.2% interest rate. Round to the nearest cent. List the values of each part and solve the problem. Use formula A= P(1+r/n)nt