Problema Solution
Car worth $25,000 depreciates by $1,250 per year, how many years would it take for the car to be worth $8,500
Answer provided by our tutors
y = 25,000 - 1,250x, where 'x' is the number of years
We need to find 'x' such that y = 8,500, that is, solve:
25000 - 1250x = 8500
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click here to see the equation solved for x
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x = 13.2 years
It will take 13.2 years for the car to be worth $8,500.