document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1107978>Question 1107978</A>: <I><SPAN STYLE=\"word-break: break-all;\"> An automobile purchased for $39,000 is worth $25000 after 5 years. Assuming the car's value depreciate steadily from year to year, what was it worth at the end of the third year? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #803144 by </B><A HREF=/tutors/aboutme.mpl?userid=CubeyThePenguin><B>CubeyThePenguin(3113)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=CubeyThePenguin><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=CubeyThePenguin><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=803144\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> x = depreciation rate\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "39000(1 - x)^5 = 25000<BR>\n" );
document.write( "x = 0.085, or 8.5%\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "At the end of the third year, x = 3\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "39000(1 - 0.085)^3 = $29876.37 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );