Homework Help: math

Posted by Hasane on Saturday, March 16, 2013 at 2:16pm.

Value of a new car depreciates at a rate of 12% per year. It is worth $23 000.

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

math - Damon, Saturday, March 16, 2013 at 2:18pm
18 years
I answered below

Answer this Question

Related Questions

Advanced Functions - he value of a new car depreciates at a rate of 12% per year...
math - Value of a new car depreciates at a rate of 12% per year. Approximately ...
math - The value of a car decreases at a constant rate as it grows older. When ...
Math - In 2004, your family bought a new car for $15,000. Each year the value of...
math - A new car depreciates an average of 22% in its first year of use. If the ...
Math - A new car depreciates an average of 22% in its first year of use. If the ...
Calculus - After t years, the value of a car that originally cost $16,000 ...
Finance - A new car depreciates an average of 22% in its first year of use. If ...
Algebra - The value of many things we own depreciates over time. When an asset&#...
Math III - 1. Traci purchases a car for $16,000. If its depreciates by 12% per ...

For Further Reading

First Name:
School Subject:
Answer: