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14 December, 09:45

A new car worth 25,000 is depreciating (loses value) in value by 1,250 per year. Determine how many years will it take for the car to be worth 8,500

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  1. 14 December, 09:52
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    The value x years from now will be

    v (x) = 25000 - 1250x

    Filling in the given information, we have

    8500 = 25000 - 1250x

    8500 - 25000 = - 1250x

    -16500/-1250 = x = 13.2

    It will take 13.2 years for the car to be worth 8,500.
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