A car purchased for $6000 depreciated $2000 the first year and $500 each of the following years. After how many years was the car worth $1500

Question

A car purchased for $6000 depreciated $2000 the first year and $500 each of the following years. After how many years was the car worth $1500
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Solution 1

The car depreciated $2000 the first year, so its value after the first year was $6000 - $2000 = $4000.

The car then depreciates $500 each year. To find out how many years it took for the car to be worth $1500, we need to subtract the value of the car after the first year from $1500: $4000 - $1500 = Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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