SOLUTION: A new car cost $20,000 when purchased. After 6 years, the car is worth $8000. Assuming linear depreciation, what was the value of the car 2 years after the purchase?

Question 1120432: A new car cost $20,000 when purchased. After 6 years, the car is worth $8000. Assuming linear depreciation, what was the value of the car 2 years after the purchase?
Answer by ikleyn(52810) (Show Source): You can put this solution on YOUR website!
.

Under the given condition, the car depreciates    =  = 2000 dollars each ear.


Hence, the car will worth   20000 - 2*2000 = 16000 dollars two years after the purchase.

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