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 1/4th of the price of a new car?
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Step-by-step explanation:
Step-by-step explanation:
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 1th of the price of a new car?
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