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
-
Suitable Grade Level
Grades 8-10
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