Question

Don buys a car valued at $23,000. When the car was new, it sold for $30,000. If the car depreciates exponentially at a rate of 6% per year, about how old is the car?

Answer 1

Around 3 years

Explanation:

6% of 30000 is 1800. I subtracted 1800 from 30000 until it got down too 24000 so im assuming that's how old