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Joe buys a car for $12000. If it is worth $2000 at the end of 10 years and is depreciating linearly how much is it worth at the end of 2 years?

Joe buys a car for $12000. If it is worth $2000 at the end of 10 years and is depreciating linearly how much is it worth at the end of 2 years?
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Joe buys a car for $12000. If it is worth $2000 at the end of 10 years and is depreciating linearly how much is it worth at the end of 2 years?

User Lenita
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2 Answers

3 votes
Every year the price is going down by $1000. so after 2 more years have passed the car should cost 0$. Or if it could be $10000
User War
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8.9k points
2 votes
10,000 is the answer. hope this helped
User Radhoo
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8.2k points
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