Mr. Patrick owns a car whose value has been decreasing 3.5% each year. The car is worth $5000. He wants to sell the car when it is worth $3,000. How many years must he wait?

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Mark M. · Accepted Answer

3000 = 5000(0.965)t0.6 = (0.965)tln 0.6 = t ln 0.965Can you solve for t and answer?

Mr. Patrick owns a car whose value has been decreasing 3.5% each year. The car is worth $5000. He wants to sell the car when it is worth $3,000. How many years must he wait?

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Mr. Patrick owns a car whose value has been decreasing 3.5% each year. The car is worth $5000. He wants to sell the car when it is worth $3,000. How many years must he wait?

1 Expert Answer

Still looking for help? Get the right answer, fast.

OR

RELATED TOPICS

RELATED QUESTIONS

Two forces of 55N and 85N act on an object simultaneously and the resultant force is 125N. What is the measurement of the angle between the two forces?

What are the values of all the cube roots (Z = -4v3 - 4i)?

1/x-1/2=2-x/2x

I need help trying to sole tan^2 x =1 where x is more than or equal to 0 but x is less than or equal to pi

how do i solve these?

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