Suppose a new car that costs $25,000 depreciates by 12% each year. in about how many years will the car be worth $15,000? use the equation 15,000 = (25,000)(0.88)x and round the value of x to the nearest year

4 years.

Step-by-step explanation:

Given : A new car that costs $25,000 depreciates by 12% each year.

To Find:  In about how many years will the car be worth $15,000?

Solution:

Principal = $25000

Rate of decrease = 12%

Amount = $15000

Equation:

x will give the years in after which car value will be $15000

So,

Thus in about 4 years car value will be $15,000.

maybe showing the graph would

step-by-step explanation:

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