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A new car worth $24,000 is depreciating in value by $3000 per year. After how manywill the car's  value be $9000

Oct 18th, 2017

new car worth $24,000 is depreciating in value by $3000 per year. After how manywill the car's  value be $9000

Total depreciation=$24,000-$9,000=$15,000

 Divide by $3000 a year=$15,000/$3000=5 years

Answer= 5 years

Jan 26th, 2015

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