Question

Tom buys a new car for $19,999. For every month he owns the car the value depreciates by $250.00. After 3 years, what is Tom's car worth? (Please show steps:))

Answer 1

10,999

Explanation:

250 x 36 = 9,000

9,000 is how much the car went down in value it went down 3,000 a year for three years

19,999 - 9,000 = 10,999

10,999 is how much the car is worth after 3 years

Answer 2

`\large\boxed{\$10,999}`

Explanation:

In this question, we're trying to find the value of Tom's car after 3 years.

From the question, we know that:

• He bought it for $19,999
• Value depreciates by $250 every month

With the information above, we can solve the question.

We can do the simplest way by multiplying 250 by 36, since there's 36 months in 3 years, and then we would subtract that from our starting value.

Solve:

`250*36=9000\\\\\text{We would then subtract 9000 from 19,999}\\\\19,999=10,999\\\\\text{Cars value after 3 years is}\, \bf\$10,999`

When you're done solving, you should get 10,999.

This means that Tom's car worth in 3 years is $10,999.

I hope this helped you out.

Good luck on your academics.

Have a fantastic day!