Problema Solution
In 2003, the price of a certain automobile was approximately $33,600 with a depreciation of $2,040 per year. After how many years will the car's value be $13,200?
Answer provided by our tutors
Let after x years, its price will be $13200.
In x years, total depriciation = $2040x
So,
33600 - 2040x = 13200
2040x = 33600 - 13200
2040x = 20400
x = 20400/2040 = 10
So, after 10 years means in 2013, its price will be $13200.