Question

A new car worth $24,000 is depreciating in value by $3,000 per year. After how many years will the car's value be $15.000?

Answer 1

Answer: year 3

Explanation:

If car is 24,000 and depreciates in value at 3,000 per year

Year 1- 24,000 -3,000=21,000

Year 2= 21,000-3,000= 18,000

Year 3=18,000-3,000= 15,000