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Last Week a Theater Purchased an Air Conditioner For $24,000 \$ 24,000

Question 39

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Last week a theater purchased an air conditioner for $24,000 \$ 24,000 . The air conditioner's value will depreciate $4,000 \$ 4,000 a year for each of the next 6 years. The equation y=24,0004,000x,0x6 y=24,000-4,000 x, 0 \leq x \leq 6 models the air conditioner's value, where y y is the value of the air conditioner and x x is the number of years after purchase. In how many years will the value of the air conditioner be $8,000 \$ 8,000 ?

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