A car is originally worth $43,500. It takes 12 years for this car to totally depreciate. a.
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A car is originally worth $43,500. It takes 12 years for this car to totally depreciate.
a. Write the straight line depreciation equation that models this situation.
b. How long will it take for the car to be worth one-quarter of its original price?
c. How long will it take for the car to be worth $20,000? Round your answer to the nearest tenth of a year.
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A The car depreciates 2650 per year B The car will be worth half its v...View the full answer
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Related Book For 
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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