You decided to purchase a brand new car for $33,000. You trade it in 9 years later for 11,000. Assuming the car’s value depreciates linearly, how many years would it be worth 21,000.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 64SE: A car was valued at 38,000 in the year 2007. By 2013, the value had depreciated to 11,000 If the...
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You decided to purchase a brand new car for $33,000. You trade it in 9 years later for 11,000. Assuming the car’s value depreciates linearly, how many years would it be worth 21,000.
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