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?

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> 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?       Log On


   

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(52809) About Me  (Show Source):
You can put this solution on YOUR website!
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Under the given condition, the car depreciates   %2820000-8000%29%2F6 = 12000%2F6 = 2000 dollars each ear.


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