purchased a toyota 4Runner for $25,635. promised your daughter the suv will be hers when the car is worth $10,000. according to the car dealer the suv will depreciate approximately $3,000 per year, if your daughter is currently 15 years old, how old will she be when the 4Runner will be hers.

Question

Mathematics

Rachel Page

6 August, 01:19

purchased a toyota 4Runner for $25,635. promised your daughter the suv will be hers when the car is worth $10,000. according to the car dealer the suv will depreciate approximately $3,000 per year, if your daughter is currently 15 years old, how old will she be when the 4Runner will be hers.

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Answers (1)

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Jeremiah · Answer 1

about 20

Step-by-step explanation:

The vehicle must decline in value by $25,635 - 10,000 = $15,635. At the rate of $3000 per year, it will take ...

15,635/3,000 ≈ 5.21167

In 5.2 years, she will be about 20 years old.