Friday

February 27, 2015

February 27, 2015

Posted by **Jane** on Wednesday, April 11, 2012 at 10:07pm.

The value of a $20,000 car decreases every year, t. The equation below models this situation:

20000(1-0.04t)=13,000.

After how many years will the car be worth $13,000. Round to the nearest tenth if necessary.

- Algebra I -
**Reiny**, Wednesday, April 11, 2012 at 10:27pmYour equation is incorrect, it should say

13000 = 20000(1-.04)^t

then

(.96)^t = .65

take log of both sides

log .96^t = .65

t (log .96) = log .65

t = log .65/log .96 = 10.55

so it would take about 10.55 years or

10.6 to the nearest tenth.

check:

.96(20000) = 19200

.96(19200) = 18432.00

.96(18432) = 17694.72

etc

(you will be able to do this 10 times and have a result of 13296.65

doing it one more results in 12764.79

My answer is reasonable.

**Answer this Question**

**Related Questions**

math - The value of a $20,000 car decreases every year, t. The equation below ...

math - The value of a $20,000 car decreases every year, t. the equation below ...

math - Help - The value of a $20,000 car decreases every year, t. The equation ...

math - The value of a $20,000 car decreases every, t. The equation below model ...

math - Additional Info - The value of a $20,000 car decreases every, t. The ...

math - The value of a new car decreases exponentially.Suppose your mother buys a...

Algebra - Three years after purchase, a car is estimated to be worth $24,000. At...

Algebra 1 - The value of a certain new car (time = 0 years old) is $14,000. ...

math - a new car depreciated by 20% in its first year. each succeeding year it ...

Calculus - The median value of a home in a particular market is decreasing ...