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OpenStudy (katecc379):
A car cost $20,000 when it was purchased. The value of the car decreases by 8% each year. Find the rate of decay each month and select the correct answer below.
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OpenStudy (evoker):
I think you will want to set (1-.08)^1=(1-monthly decay)^12 to find the decimal monthly decay and then multiply by 100 to get the monthly decay rate in percent.
OpenStudy (katecc379):
okay thanks, can you help with one more?
OpenStudy (evoker):
Sure
OpenStudy (katecc379):
OpenStudy (katecc379):
@Evoker
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OpenStudy (evoker):
Back sorry
OpenStudy (katecc379):
no prob
OpenStudy (evoker):
Looks like step 4 the calc work
OpenStudy (katecc379):
thanks
OpenStudy (evoker):
oops, actually looks like the used ln, so it's actually at step 5
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