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

Discussion in 'Calculator Requests' started by math_celebrity, Aug 30, 2020.

  1. math_celebrity

    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
     

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