An automobile purchased for 22,000 is worth 2500 after 5 yrs. Assuming that the cars value deprecited steadily from year to year, what was it worth at the end of third year

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asked Jul 2, 2018 70.2k views

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Painiyff · Answer 1 · 2018-07-06T07:24:23+0000

Original price = 22000
New price = 2500
Amount depreciated in 5 years = 22000 - 2500
=19500
Amount depreciated in 1 year = 19500/5
= 3900
Worth after 3 years = 22000 - 3(3900)
= 10300

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An automobile purchased for 22,000 is worth 2500 after 5 yrs. Assuming that the cars value deprecited steadily from year to year, what was it worth at the end of third year

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