Posted by **Hasane** on Saturday, March 16, 2013 at 1:56pm.

Value of a new car depreciates at a rate of 12% per year.

Approximately how many years will it take until the car is worth $2300?

- math - incomplete -
**Ms. Sue**, Saturday, March 16, 2013 at 2:05pm
What is the cost of the new car?

- math -
**Hasane**, Saturday, March 16, 2013 at 2:06pm
$23000, forgot.

- math -
**Hasane**, Saturday, March 16, 2013 at 2:16pm
i will repost

- math -
**Damon**, Saturday, March 16, 2013 at 2:17pm
original value = 23,000

23,000 * .88^n = 2,300

.88 ^ n = .1

n log .88 = log .1

n = log .1 / log .88 =

n = 18 years

- math -
**Hasane**, Saturday, March 16, 2013 at 2:19pm
is there a way to do this without using logarithms?

- math -
**Hasane**, Saturday, March 16, 2013 at 2:20pm
and thx btw.

- math -
**Damon**, Saturday, March 16, 2013 at 2:21pm
Nope, except trial and error

## Answer this Question

## Related Questions

- math - Value of a new car depreciates at a rate of 12% per year. It is worth $23...
- Advanced Functions - he value of a new car depreciates at a rate of 12% per year...
- math - The Question is: The value of a new car depreciates at a rate of 12% per ...
- Math - A new car depreciates as soon as you drive it out of the parking lot. A ...
- math - Sam bought a new car for $26,500. The car depreciates approximately 13% ...
- Math - In 2004, your family bought a new car for $15,000. Each year the value of...
- Algebra - The value of many things we own depreciates over time. When an asset's...
- math - a car depreciates in by avalue of $1000 per year. The original value of ...
- Math - Victor bought a brand new car for P750,000. If the value of the car ...
- pre cal - you decide to buy a car for 25000. each year your car depreciates in ...