Given :
Devon purchased a new car valued at $16,000 that depreciated continuously at a rate of 35%.
Its current value is $2,000.
To Find :
Age of car.
Solution :
Price of car after 1 year :

Price of car after 2 year :
\\\\P_2=P_o(1-0.35)^2](https://img.qammunity.org/2021/formulas/mathematics/high-school/yqgxyt2c7q3sl8dcw9bd3tcwxaw84kft6u.png)
So, price of car after n years.


Therefore, age of car in nearest whole number is 4 years.
Hence, this is the required solution.