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,...
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![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)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc09fce16-7c09-442e-a249-78d36de9a64b%2F8f086ef7-1c50-4d6b-b15a-b889e877c1b7%2Fviika0u_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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)
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