Math Problem Statement

Suppose a car with an initial value of $25400 depreciates by $820 every year. Set up an equation that answers the the question: How long will it take for the value of the car to decrease to $7500? Use y as your variable.

Solution

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Math Problem Analysis

Mathematical Concepts

Linear Equations
Depreciation
Algebra

Formulas

Car's value after y years: 25400 - 820y
Solving linear equation: 25400 - 820y = 7500

Theorems

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Suitable Grade Level

Grades 8-10