contestada

In 2014, the average price of a new car was $37,600. For the period shown, new-car prices increased by approximately $1250 per year. If this trend continues, how many years after 2014 will the price of a new car average $46,350? In which year will this occur?

In 2014 the average price of a new car was 37600 For the period shown newcar prices increased by approximately 1250 per year If this trend continues how many ye class=

Respuesta :

The year in which the average price of a new car would average $46,350 is 2021.

In which year would the price of a new car average $46,350?

The price of a new car increases by $1250 per year. This is known as appreciation. The value of a new car can be represented with this equation:

Value of new car = value of the car now + (rate of increase x number of years)

Number of years = value of the new car - value of the car now) / rate of increase

(46350 - 37600) / 1250 = 7 years

7 + 2014 = 2021

To learn more about appreciation, please check: https://brainly.com/question/26847097

#SPJ1

Otras preguntas