question archive John bought a new car at the start of the year 2015 and from that moment on the value of its car is continuously dropping
John bought a new car at the start of the year 2015 and from that moment on the value of its car is continuously dropping
Subject:MathPrice: Bought3
John bought a new car at the start of the year 2015 and from that moment on the value of its car is continuously dropping. At the end of each year the value have dropped for 12.5% in compare to the value at start of that year. During what year will the value of the car for the first time be less than ¼ th of the price of a new car?
