Final answer:
To find the year when the number of new cars purchased will reach 15,000, substitute C = 15000 into the equation C = 20t^2 + 135t + 3050, rearrange to form a quadratic equation, use the quadratic formula to solve for t, and add 1998 to find the year.
Step-by-step explanation:
To find the year when the number of new cars purchased will reach 15,000, we need to solve the equation C = 20t^2 + 135t + 3050 for t. Here's how:
- Substitute C = 15000 into the equation: 15000 = 20t^2 + 135t + 3050
- Rearrange the equation to form a quadratic equation: 20t^2 + 135t - 11950 = 0
- Use the quadratic formula to solve for t: t = (-b ± √(b^2 - 4ac)) / 2a
- Calculate the value of t using the quadratic formula: t ≈ -10.45 or t ≈ 5.45
- Since t represents the number of years since 1998, we need to add 1998 to find the year: 1998 + 5.45 ≈ 2004 or 1998 - 10.45 ≈ 1988
Therefore, the number of new cars purchased will reach 15,000 in approximately the year 2004.