How does depreciation affect the cost of owning a car over a period of 5 years

Due to depreciation, the value of your car goes from 100% when you buy it to nearly 40% after 5 years.

Step-by-step explanation:

Depreciation means the reduction in the value of something you have with time. If you buy a car for $40,000 in 2020 and want to sell it in 2025, you will have to sell it for something near $16,000. This reduction in price is because of you owning the car and using it for that period.

After you buying a car and owning it for a year, your car's value depreciates about 20% which means your car is now worth 80% (100%-20%) of what it cost when you brought it. After owning the car for a year, the value depreciates approximately 10% every year. So for another 4 years, your value decreases another 40% (4 years x 10% per year).

To summarize, the first year the car value depreciates by 20% followed by 4 years of 10% each which is 40%. So in total after 5 years, your car loses nearly 60% of its value due to depreciation. A car brought in 2020 for $40,000 will depreciate 60% and will be valued at nearly $16,000 during 2025.

the solution is x=1

step-by-step explanation:

we are given our   equation as

let's assume

left side function is

right side function is

now, we can draw graph

and then we can get intersection point

the intersection point will be solution

so, the solution is

x=1