## 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

Question

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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2021-11-10T19:01:03+00:00
2021-11-10T19:01:03+00:00 1 Answer
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## Answers ( )

Answer: 3

Step-by-step explanation:

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

x=3