Question 1107978
<br>
The statement of the problem is deficient.  Saying that the car's value depreciates "steadily" is not enough to specify whether you want exponential decrease or linear, or perhaps something else.<br>
The other tutor assumed exponential decrease.  If the decrease is linear, then the value decreased by $14,000 after 5 years, a decrease of $2800 per year.  So its value after 3 years was<br>
{{{39000-3(2800) = 39000-8400 = 30600}}}<br>
ANSWER (for linear depreciation): $30,600<br>