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OpenStudy (anonymous):
Devon purchased a new car valued at $16,000 that depreciated continuously at a rate of 35%. Its current value is $2,000. The equation mc025-1.jpg represents the situation, where t is the age of the car in years and r is the rate of depreciation. About how old is Devon’s car? Use a calculator and round your answer to the nearest whole number.
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OpenStudy (anonymous):
equation is \[2000=16000\left(1-r\right)^t\]
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