In 2014, the average price of a new car was $37600. New-car prices increased by approximately $1250 per year. If this trend continues, how many years after 2014 will the price of a new car average $46350? In which year will this occur?
I think arithmetic progression method can be solved this question.
it takes 8 years to achieve$46350, therefore the yearoccurs will be 2021.