Alicia buys a new car for $20,000. The value of the car decreases by 15% each year.
In about how many years will the value of the car be $10,440?
4 years
5 years
6 years
7 years
+37157 20,000 (1-.15)^x = 10440
.85^x = 10440/20000
x log(.85) = log(10440/20000)
x = 4.00 years
