A new car worth $25,000 is depreciating in value by $5,000 per year, After how many years will the car's value be $5,000?
To find out after how many years the car's value will be $5,000, we can set up an equation:
$25,000 - $5,000x = $5,000
Solving for x (the number of years):
$25,000 - $5,000x = $5,000
$20,000 = $5,000x
x = 4
After 4 years, the car's value will be $5,000.