Question

A new car worth $24,000 is depreciating in value by $3,000 per year. After how many years will the cars value be $9,000?

Answer 1

After 5 years the value will only be 9000

Answer 2

1.) Subtract $24,000-$9,000 to find out how much the car value would depreciate down to.
2.) Then divide it by $3,000 to find out how many years it would take for the car's value to depreciate that low.


I am a little tired right now so I hope you understand my explanation on how to solve the problem. :) Good luck!