SOLUTION: An automobile purchased for ​$34,000 is worth ​$2500 after 5 years. Assuming that the​ car's value depreciated steadily from year to​ year, what was it wort

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Question 1046653: An automobile purchased for ​$34,000 is worth ​$2500 after 5 years. Assuming that the​ car's value depreciated steadily from year to​ year, what was it worth at the end of the third​ year?
Found 2 solutions by ewatrrr, MathTherapy:
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
($34000 - $ 2500)/5yr = $6300/year depriaciation
Assuming that the​ car's value depreciated steadily from year to​ year
3($6300) = $18,900 is what was it worth at the end of the third year
Answer by MathTherapy(10552)   (Show Source): You can put this solution on YOUR website!

An automobile purchased for ​$34,000 is worth ​$2500 after 5 years. Assuming that the​ car's value depreciated steadily from year to​ year, what was it worth at the end of the third​ year?
Worth after 3 years:  

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