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07 Mar 2017, 02:06
00:00

Difficulty:

45% (medium)

Question Stats:

83% (00:44) correct 17% (01:30) wrong based on 30 sessions

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On the same day, Devin bought a car for $40,000 that would then decrease in value by$1200 per year, and Anita purchased a piece of real estate for $6,000 that would then increase in value by$500 per year. After how many years will Anita’s land be worth as much as Devin’s car?

A. 17
B. 18
C. 19
D. 20
E. 21

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07 Mar 2017, 08:02
Bunuel wrote:
On the same day, Devin bought a car for $40,000 that would then decrease in value by$1200 per year, and Anita purchased a piece of real estate for $6,000 that would then increase in value by$500 per year. After how many years will Anita’s land be worth as much as Devin’s car?

A. 17
B. 18
C. 19
D. 20
E. 21

$$40000 - 1200n = 6000 + 500n$$

Or, $$40000 - 1200n = 6000 + 500n$$

Or, $$34000 = 1700n$$

Or, $$n = 20n$$

Thus, after 20 years will Anita’s land be worth as much as Devin’s car, answer must be (D) 20
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Abhishek....

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