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March 26, 2017

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Jason uses his car for his job. He is allowed to depreciate the car 7% per year. IF the car was worth $23,000 new, in about how many years will the car be worth $3,000?

  • algebra 2 ap - ,

    23000(.93)^n = 3000
    .93^n = 3/23
    log both sides

    log (.39^n) = log (3/23)
    n log .39 = log (3/23)
    n = log (3/23) / log .93 = appr 28 years

    Unrealistic question
    1. Using a car for a job for 28 years
    2. Such low level of depreciation.

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