Register

A student purchases a car for $12,500. The car loses its value at a rate of 20% per year. After how many years will the car's value fall below $5,000?

A student purchases a car for $12,500. The car loses its value at a rate of 20% per year. After how many years will the car's value fall below $5,000?
asked 174k views
20 votes
A student purchases a car for $12,500. The car loses its value at a rate of 20% per year. After how many years will the car's value fall below $5,000?

asked
User Jack Nock
by
8.0k points

1 Answer

11 votes
After 5 years it will fall below $5000.
answered
User Jake Cronin
by
8.7k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!