Question

15 POINTS PLEASE HELP!!!!!
The moment you drive your new car off the lot, it begins to depreciate in value. You buy a 2013 Ford Escape SUV for $ 26,000. It depreciates at an annual rate of 15 percent. In how many years will the car be worth less than $ 5000. Show your equation and your steps to solve this, as well as your answer.

Answer 1

Answer:

A new car worth $25,000 is depreciating (loses value) in value by $1,250 per year. Determine how many years will it take for the car to be worth $8,500.

ಠ︵ಠwait what that's not 15 points liar but it's okay and at least it helps✅(≧▽≦)