SOLUTION: my new toyota costs $14000. Each month,it depreciates $100. In how many months will it be worth only $10000

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Question 915168: my new toyota costs $14000. Each month,it depreciates $100. In how many months will it be worth only $10000
Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
14,000 - 100x = 10,000

-100x = 10,000 - 14,000

-100x = -4,000

x = -4,000/(-100)

x = 40

It will take 40 months.

40 months = 40/12 = 3 remainder 4 = 3 years, 4 months

Let me know if you need more help or if you need me to explain a step in more detail.
Feel free to email me at jim_thompson5910@hotmail.com
or you can visit my website here: http://www.freewebs.com/jimthompson5910/home.html

Thanks,

Jim