SOLUTION: An automobile purchased for $17,000 is worth $2300 after 7 years. Assuming that the car's value depreciated steady from year to year, what was it worth at the of the third year?
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Question 1116756: An automobile purchased for $17,000 is worth $2300 after 7 years. Assuming that the car's value depreciated steady from year to year, what was it worth at the of the third year?
The value 3 years after it was purchased is. ?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
The depreciation after 7 yrs is:
The depreciation each yr is:
After 3 yrs, the car has depreciated:
After 3 yrs, the car is worth:
$10,700
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