Math  /  Word Problems

QuestionA car was bought for \$25,000 and is worth \$2800 after 6 years. Find its value at the end of year 3 assuming steady depreciation.

Studdy Solution
Calculate the value of the car at the end of the third year.
Valueatendofthirdyear=$25,0003times$3700=$14,900Value\, at\, end\, of\, third\, year = \$25,000 -3 \\times \$3700 = \$14,900The value of the car at the end of the third year is \$14,900.

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