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Math Help - Application - exp. func.

  1. #1
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    Application - exp. func.

    A new car costs $24000. It loses 8% value every 6 mths. The formula is;
     v(t) =24000(0.92)^\frac{t}{6}

    What would be the half life formula of the car in years? The value would be $12000.
     v(t) =12000(0.92)^\frac{?}{?}
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  2. #2
    MHF Contributor
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    Right, I'm really frustrated with the LaTeX failure of late, too.
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