An equation for the depreciation of a car is given by y = A(1 – r)t, where y = current value of the car, A = original cost, r = rate of depr

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An equation for the depreciation of a car is given by y = A(1 – r)t, where y = current value of the car, A = original cost, r = rate of depreciation, and t = time, in years. The current value of a car is $12,282.50. The car originally cost $20,000 and depreciates at a rate of 15% per year. How old is the car?

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Eloise 9 months 2021-11-10T19:01:03+00:00 1 Answer 0 views 0

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    2021-11-10T19:02:15+00:00

    Answer: 3

    Step-by-step explanation:

    20,000(1-.15)^x=12282.5

    x=3

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