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29 June, 17:24

An automobile purchased for 22,000 is worth 2500 after 5 yrs. Assuming that the cars value deprecited steadily from year to year, what was it worth at the end of third year

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  1. 29 June, 18:59
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    Original price = 22000

    New price = 2500

    Amount depreciated in 5 years = 22000 - 2500

    =19500

    Amount depreciated in 1 year = 19500/5

    = 3900

    Worth after 3 years = 22000 - 3 (3900)

    = 10300
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