Thursday

January 29, 2015

January 29, 2015

Posted by **Jane** on Saturday, April 21, 2012 at 7:07pm.

20,000(1-0.04t) = 13,000

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

I got 20,000(.96t)= 13,000, but I don't believe gives me the correct answer. Help!

- typo -
**Damon**, Saturday, April 21, 2012 at 8:26pmthis does not make sense:

" decreases every, t "

did it say it decreased 4% per year?

that would mean

.96^n =13/20

.96^n = .65

n log .96 = log .65

n = -.187/-.0177

= 10.6 years

- math -
**Jane**, Saturday, April 21, 2012 at 9:38pmI understand most of the explanation except the part below:

n log .96 = log .65

n = -.187/-.0177

Could you please explain? Thanks

**Answer this Question**

**Related Questions**

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 year, t. The equation below ...

Algebra I - Please show me how to solve: The value of a $20,000 car decreases ...

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

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

math - The value of a car decreases at a constant rate as it grows older. When ...

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

math - Jason uses his car for his job. He is allowed to depreciate the car 7% ...

Math - The depreciation rate, r, for a $50,000 news car is given by the function...

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