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A new car is purchased for 20000 dollars. The value of the car depreciates at 11% per year. To the nearest tenth of a year, how long will it
Question
A new car is purchased for 20000 dollars. The value of the car depreciates at 11% per year. To the nearest tenth of a year, how long will it be until the value of the car is 5700 dollars?
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Mathematics
3 years
2021-07-27T13:19:34+00:00
2021-07-27T13:19:34+00:00 1 Answers
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Answers ( )
Answer:
0.285
Step-by-step explanation:
first we will have to find our equation:
20,000(p = principal) x r (rate) = 5,700
20,000 × (r) = 5,700
since we are multiplying, we would divide the equation:
5,700 / 20,000
this would then equal to our answer 0.285
to check your answer we can do,
0.285 x 20,000
which would give use our depreciated value of $5,700.