Answer:
$19,200.
Explanation:
To find the value of the car at the end of the third year, we can use linear depreciation since the car's value is depreciating steadily from year to year. Linear depreciation means that the value decreases by a consistent amount each year.
Initial value (year 0): $36,000
Value after 6 years: $2,400
Total depreciation over 6 years: $36,000 - $2,400 = $33,600
Depreciation per year: $33,600 / 6 = $5,600
Now, to find the value at the end of the third year (which is 3 years after purchase):
Value at year 0: $36,000
Depreciation over 3 years: $5,600 * 3 = $16,800
Value at the end of the third year: $36,000 - $16,800 = $19,200
So, the car's value at the end of the third year is $19,200.