Posted by Anonymous on .
Jason uses his car for his job. He is allowed to depreciate the car 7% per year. IF the car was worth $23,000 new, in about how many years will the car be worth $3,000?

math 
Henry,
230000.07*t*23000 = 3000
23000  1610t = 3000
1610t = 300023000 = 20000
t = 12.42 Years.