Question 1116756
The depreciation after 7 yrs is:
{{{ 17000 - 2300 = 14700 }}}
The depreciation each yr is:
{{{ 14700 / 7 = 2100 }}}
After 3 yrs, the car has depreciated:
{{{ 3*2100 = 6300 }}}
After 3 yrs, the car is worth:
{{{ 17000 - 6300 = 10700 }}}
$10,700