A new car worth $24,000 is depreciating in value by $3,000 per year , how many years till the cars v | MathCelebrity Forum

A new car worth $24,000 is depreciating in value by $3,000 per year , how many years till the cars v

math_celebrity

Administrator
Staff member
A new car worth $24,000 is depreciating in value by $3,000 per year , how many years till the cars value will be $9,000

We have a flat rate depreciation each year. Set up the function D(t) where t is the number of years of depreciation:
D(t) = 24000 - 3000t

The problem asks for the time (t) when D(t) = 9000. So we set D(t) = 9000
24000 - 3000 t = 9000

To solve for t, we plug this function into our search engine and we get:
t = 5
 
Back
Top