You would like to purchase a Tesla Model 3 car for $55000. The average rate of depreciation of the car is 7% per year. If I would like to sell the car for $37,000, how many years later should I sell the car? Round your answer to one decimal place.

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You would like to purchase a Tesla Model 3 car for $55000. The average rate of
depreciation of the car is 7% per year. If I would like to sell the car for $37,000, how
many years later should I sell the car? Round your answer to one decimal place.
Transcribed Image Text:You would like to purchase a Tesla Model 3 car for $55000. The average rate of depreciation of the car is 7% per year. If I would like to sell the car for $37,000, how many years later should I sell the car? Round your answer to one decimal place.
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