An automobile purchased for 34800 is worth 8550 after 7 years. assuming that the cars value depreciated steadily from year to year what was the value after the third year

19,050

Step-by-step explanation:

Given,

The original price of the car = 34,800

The value of car after 7 years = 8,550,

So, the depreciation in the value of car in 7 years = 34,800 - 8550

= 26,250

∴ The depreciation in value for 1 year =

= 5,250

So, the depreciation in value for 3 years = 5250 × 3 = 15,750,

Hence, the value of the car after 3 years = original value - depreciation in value of car

= 34,800 - 15,750

= 19050

step-by-step explanation: i dont

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