A new car costs $40,000. The value of the car depreciates by 20% per year. a. Create a formula to determine the value of the ca

A new car costs $40,000. The value of the car depreciates by 20% per year.

a. Create a formula to determine the value of the car t years from now.

b.when will the car be worth 25,000? Round to 2 decimal places.

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