a new car is worth 25,000. It depreciates in value 1,250.00 per year. How many years will it take for the car to be worth 8,500.
2 answers:
Hello there!
Answer:
13.2 years
Step-by-step explanation:
In order to solve this problem, we would need to make an equation from it, so it would be much easier.
Lets gather what we know:
The car is worth $25,000
It depreciates(loses) 1,250 per year.
We need to find how many the years it will take for the car to be worth 8,500.
Lets make an equation using y = mx + b
b = Starting value
m = Change in value
y = What we want to find
You would plug 25,000 in b. You would plug -1,250 in m, it would be negative because you're losing money. You would plug 8,500 in y. Your equation should look like this:
8,500 = -1,250x + 25,000
Now, we solve.
When you're done solving, you should get 13.2.
This means that it will take 13.2 years for the car to be worth $8,500.
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