a new car worth $18,000 is depreciating in value by $3,000 per year. after how many years will the cars…
a new car worth $18,000 is depreciating in value by $3,000 per year. after how many years will the cars value be $6,000? after years, the cars value will be $6,000.
Answer
Explanation:
Step1: Find the total depreciation amount
The initial value of the car is $18000$ and the final value is $6000$. The total depreciation amount $D$ is $18000 - 6000=12000$.
Step2: Calculate the number of years
The car depreciates by $3000$ per year. Let the number of years be $n$. We know that $D = 3000n$. Substituting $D = 12000$ into the equation, we get $n=\frac{12000}{3000}$. $n = 4$
Answer:
4