Question

an automobile purchased for 34800 is worth 8550 after 7 years. assuming that the cars value depreciated steadily from year to year what was the value after the third year

Answer 1

Well if you subtract 34800 - 8550 =26250.
And there you go!

Answer 2

19,050

Explanation:

Given,

The original price of the car = 34,800

The value of car after 7 years = 8,550,

So, the depreciation in the value of car in 7 years = 34,800 - 8550

= 26,250

∴ The depreciation in value for 1 year =
`(26250)/(5)`

= 5,250

So, the depreciation in value for 3 years = 5250 × 3 = 15,750,

Hence, the value of the car after 3 years = original value - depreciation in value of car

= 34,800 - 15,750

= 19050