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An automobile purchased for ​$29,000 is worth ​$2400 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?
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An automobile purchased for ​$29,000 is worth ​$2400 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?

User Maxinne
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Take 29,000 subtract 2400
26,600
Divide 26,600 by 7 to represent the seven years
3800 now times that by 3 years to show the worth after 3 years

Answer:11,400
User David Bern
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