Question

An automobile purchased for ​$25 comma 000

is worth ​$2600

after 7

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

25,000-2,600=22,400
22,400/7=3,200 (amount car value decreased by each year)
3,200x3=9,600
$25,000-$9,600=

$15,400