/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Problem 27 A new car worth \(\$ 24,000\) is... [FREE SOLUTION] | 91Ó°ÊÓ

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A new car worth \(\$ 24,000\) is depreciating in value by \(\$ 3000\) per year. After how many years will the car's value be \(\$ 9000 ?\)

Short Answer

Expert verified
The car will be worth \$9000 after 5 years.

Step by step solution

01

Identify the Initial Value and Depreciation Rate

From the problem, it's clear that the initial value of the car is \$24000 and it depreciates by \$3000 per year.
02

Set up an Equation for the Car’s Depreciation

The value of the car decreases by \$3000 every year, so you can write the value of the car as a function of time (in years): \(V = 24000 - 3000t\), where V is the value of the car and t is the time in years.
03

Solve for the Time

We want to find out when the car's value will be \$9000. So we need to solve the equation: \(9000 = 24000 - 3000t\). Rearrange this to find t: \(3000t = 24000 - 9000\). Then divide both sides by \$3000 to find the value of t.

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Linear Equations
Linear equations are at the heart of many mathematical problems that involve relationships between quantities. Think of a linear equation as a balanced scale. Each side of the equation must be equal. To maintain this balance while solving, any action taken on one side should also be applied to the other side. This involves operations like addition, subtraction, multiplication, or division.

In the car depreciation problem, we have a linear equation:
  • Initial car value = \(24,000
  • Depreciation amount per year = \)3,000
  • Target value to solve for = \(9,000
The equation reflecting the car's value over time is set up as:
  • \[ V = 24000 - 3000t \]
Here, \( V \) is the car’s current value, and \( t \) is the time in years.

To solve when the car’s value becomes \)9,000, substitute \( V \) with 9,000 and solve for \( t \):
  • \[ 9000 = 24000 - 3000t \]
This equation allows us to determine the number of years it will take for the car's value to depreciate to the desired amount.
Algebra
Algebra is the branch of mathematics that helps in representing problems and their solutions using symbols, usually in the form of letters like \( x \) or \( t \), along with numbers. This symbolic representation makes it easier to solve complex problems by breaking them down into smaller, manageable parts.

Algebra offers tools to manipulate equations and expressions, making it easier to isolate variables and find solutions. Consider our exercise:
  • First, rewrite the equation: \[ 9000 = 24000 - 3000t \]
  • Subtract 24,000 from both sides: \[ 9000 - 24000 = -3000t \]
  • This simplifies to: \[ -15000 = -3000t \]
  • Divide both sides by -3,000 to isolate \( t \): \[ t = \frac{15000}{3000} \]
  • Finally, solve for \( t \): \[ t = 5 \]
This shows that using algebra, we determined it would take 5 years for the car's value to fall to $9,000.
Math Problem Solving
Approaching a math problem requires a structured process to break down complex details into simpler parts. When faced with a problem like car depreciation, it’s helpful to:
  • Identify what is being asked: In our case, the number of years till the car’s value reaches $9,000.
  • Recognize given data: The initial car value, the annual depreciation amount, and the desired car value.
  • Create a plan: Formulate an equation to relate these quantities.
  • Solve systematically: Execute algebraic operations carefully to find the solution.
  • Check your work: Substitute the solution back into the original equation to verify accuracy.
In our original problem, following these steps allows not only solving for the number of years but also builds confidence in tackling similar problems. Mastering these skills can enhance your ability to address real-world issues utilizing mathematical reasoning.

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