Question

A car is purchased for $32,000. Each year it loses 25% of its value. After how many years will the car be worth $5800 or less

Answer 1

Answer: 6 years

Step-by-step explanation: 32,000 divided by 25% is 24,000. 24,000 divided by 25% is 18,000. 18,000 divided by 25% is 13,500. 13,500 divided by 25% is 10,125. 10,125 divided by 25% is 7,593.75. 7,593.75 divided by 25% is 5,695.3125. so 6