An automobile purchased for 17000 is worth 2600 after 6 years assuming that the car's value depreciated steadily from year to year what was it worth at the end of the third year

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Mathematics

German Reeves

7 June, 23:18

An automobile purchased for 17000 is worth 2600 after 6 years assuming that the car's value depreciated steadily from year to year what was it worth at the end of the third year

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Madisyn Hill · Answer 1

subtracting $2,600 from $29,000 gives you the amount of value the car has lost in total divide by 6 to figure out how much value the car loses per year (26,400/6 = $4,400). Now you know that the car loses $4,400 in value each year. go back and subtract three times $4,400 from the original price of the car to find it's value after the third year (29,000 - (3x4,400) = 15,800). Thus, after three years, the value of the car will be - > $15,800.