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A new car worth $20,000 is depreciating in value by $4,000 per year. After how many years will the car's value be $8,000?

A new car worth $20,000 is depreciating in value by $4,000 per year. After how many years will the car's value be $8,000?
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1 vote
A new car worth $20,000 is depreciating in value by $4,000 per year. After how many years will the car's value be $8,000?

asked
User BSalunke
by
8.0k points

1 Answer

5 votes

Answer:

3 years

Explanation:


20000 - 4000x = 8000 \\ 20000=8000 + 4000x \\ 20000 - 8000 = 4000x \\ 12000 = 4000x \\ (12000)/(4000) = x \\ x = 3

answered
User Jsncrdnl
by
8.6k points
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