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A car loses its value at a rate of 27% each year. How long will it take for its value to halve?

A car loses its value at a rate of 27% each year. How long will it take for its value to halve?
asked 72.2k views
3 votes
A car loses its value at a rate of 27% each year. How long will it take for its value to halve?

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User Cedric Martin
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1 Answer

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It will take nearly three years for the car's value to be half of its original price.

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User Geo Angelopoulos
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