Question

An automobile purchased for ​$39,000 is worth ​$2400 after 6 years. Assuming that the​ car's value depreciated steadily from year to​ year, what was it worth at the end of the third​ year?

Answer 1

$20, 700 is the worth of the automobile after three years.
$39,000 - $2,400 = $36,600
$36,600 ÷ 6yrs = $6,100 per year
$6,100 x 3yrs = $18,300
$39,000 - $18,300 = $20,700

Answer 2

The cost of the car on the third year was $20,700.