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
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?
