An automobile depreciates by 20% per year. How soon will it be worth only half its original value? [Hint: Depreciation is like interest but at a negativ rate r.] (Round your answer to one decimal place.)

An automobile depreciates by 20% per year. How soon will it be worth only half its original value? [Hint: Depreciation is like interest but at a negativ rate r.] (Round your answer to one decimal place.)

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter5: Inverse, Exponential, And Logarithmic Functions

Section: Chapter Questions

Problem 22T

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An automobile depreciates by 20% per year. How soon will it be worth only half its original value? [Hint: Depreciation is like interest but at a negative
rate r.] (Round your answer to one decimal place.)

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