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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 -

    23000-0.07*t*23000 = 3000
    23000 - 1610t = 3000
    -1610t = 3000-23000 = -20000
    t = 12.42 Years.

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