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30 November, 06:44

A new car worth 37000 is depreciating in value by 2000 per year. how many years will the car be worth 17000

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  1. 30 November, 07:26
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    37000 (total price of the car) - 17000 (the target value) = 20,000 (the difference)

    20,000 (difference) / 2000 (how much it depreciates per year) = 10 (the amount of years it will take)

    Verify:

    17000 + (2000 * 10) = 37000? Yes.
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