Question

A new car sells for $27,300. It exponentially depreciates at a rate of 6.1% to $22,100. How long did it take for the car to depreciate to this amount? Round your answer to the nearest tenth of a year. fill in the blank 1

Answer 1

Answer:

3

Step-by-step explanation:

27300 * (1-6.1%)^n = 22100,

n∈(3,4)

when n = 3,≈22603;

when n = 4,≈21224;

so choose n = 3.