2
QuizMath Formula

Exponential Equations in Financial Contexts — Quiz

Question 2 • Financial Math

A luxury car depreciates an average of 11.5% annually. The purchase price of the car was $⁢81,789 What values complete the equation to determine the number of years, t , it will take for the car to reach a value of $⁢50,172.76 ?

Answer

Math Formula Answer:

4

Previous
Next