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

User RatDon
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1 Answer

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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.
User Gokareless
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