The year in which the average price of a new car would average $46,350 is 2021.
In which year would the price of a new car average $46,350?
The price of a new car increases by $1250 per year. This is known as appreciation. The value of a new car can be represented with this equation:
Value of new car = value of the car now + (rate of increase x number of years)
Number of years = value of the new car - value of the car now) / rate of increase
(46350 - 37600) / 1250 = 7 years
7 + 2014 = 2021
To learn more about appreciation, please check: https://brainly.com/question/26847097
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