A new car worth $24,000 is depreciating in value by $3000 per year. After how manywill the car's value be $9000
new car $24000 price
after year $3000 is depreciating from original
24000 to 9000 difference is 15000
number of year required to get the price at $9000 is = 15000/3000 = 5 year
final answer is 5 year
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