Question

Cedric bought his truck new for $20,000. It’s value decreases 15.4% each year. In approximately how many years will the value of the truck be half of what he paid for it? Round to the nearest whole number. PLEASE EXPLAIN

Answer 1

3.24 years

Explanation:

We know that for the truck to become half of the value it has to decrease by %50 if it decreases by %15.4 the real question is 50/15.4=3.24 years because how many years will it take for %15.4 to pile up and eventually become %50