A car is purchased for $20, 000. Its value depreciates by 15% each year. Considering x equals the number of years, which equatio
n can be used to find the number of years it would take the car to be worth $12,000? Answer options:
1. 20,000(x)^0.85 = 12,000
2. 20,000 - 15x = 12,000
3. 15x - 20,000 = 12,000
4. 20,000(0.85)^x = 12,000
if it "depreciates" over time, you take the value that it depreciates by and divide the full value of the car by that and get ^0.85, then, once you find the quotiont, you multiply that by the number of years it takes until you reach the goal. I have explained how to solve this problem, even gave the answer, but, I did not give the number of years, good luck! ;)
