Answered

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help me !!How many years will it take for the Honda to be worth more than the Range Rover? Justify your
response mathematically.

Help Me How Many Years Will It Take For The Honda To Be Worth More Than The Range Rover Justify Your Response Mathematically class=

Sagot :

sqdancefan

Answer:

  6.03 years

Step-by-step explanation:

The value of the Range Rover decreases 25% per year, so its value "growth" factor is 1-25% = 0.75. The initial value is 60,000, so its exponential value function can be written ...

  r(x) = 60000(0.75^x)

The Honda has a "growth" factor of 18000/20000 = 0.90 and an initial value of 20,000, so its exponential value function can be written ...

  h(x) = 20000(0.90^x)

__

We want to find x such that h(x) > r(x).

  20000(0.90^x) > 60000(0.75^x)

  0.90^x > 3(0.75^x) . . . . . . . divide by 20000

  (0.90/0.75)^x > 3 . . . . . . . . divide by 0.75^x

  x > log(3)/log(1.2) . . . . . . . . take logs, divide by log(1.2)

  x > 6.025685

It will take about 6.03 years for the Honda to be worth more.

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