Question
In 2003, the price of a certain automobile was approximately $31,600.00 with a depreciation of $2,680.00 per year. After how many years will the
In 2003, the price of a certain automobile was approximately $31,600.00 with a depreciation of $2,680.00 per year. After how many years will the car's value be $15,520.00? a) Write an equation to model the problem. Let t represent the number of years after 2003. Also, let your equation be in the form "expression - expression = $15,520.00". Answer: b) Solve the equation to answer the question above. (Note: Include the units, in this case years.) Answer:
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
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538453257, 978-0538453257
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