steve816
  • steve816
School tomorrow and I still haven't finished my summer math packet. PLEASE DON'T MAKE MY MATH TEACHER KILL ME!!! Fogell owns a classic car whose value has been increasing by 8.5% each year. The car is worth $5000. He wants to sell the car when it is worth $10,000. How many years to the nearest hundredth must he wait?
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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chestercat
  • chestercat
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anonymous
  • anonymous
\[10000=5000\left( 1+\frac{ 8.5 }{ 100 } \right)^n\] \[\frac{ 10000 }{ 5000 }=\left( \frac{ 1085 }{ 1000 } \right)^n\] \[\left( \frac{ 217 }{ 200 } \right)^n=2\] find n
steve816
  • steve816
Wow, brilliant!
anonymous
  • anonymous
This is beyond me I have no idea, surjithayer sounds about right.

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