A car is purchased for $15 000. The graph shows the value of the car, `$V`, at time `t` years since it was purchased, using the declining-balance method of depreciation.
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When using the straight-line method of depreciation, the value of the car depreciates at a rate of $2500 per year.
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By first completing the table, plot on the grid above the value of the car for the first three years based on the straight-line method of depreciation. (2 marks)
- After how many years will the value of the car using the straight-line method of depreciation be equal to its value using the declining-balance method? (2 marks)
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