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An automobile purchased for $28,000 is worth $2500 after 5 years. Assuming that the car's value depreciated steadily from year to year, what was it worth at the end of the third year?
The value 3 years after it was purchased is

Respuesta :

Medunno13

Answer:

$3285.47

Step-by-step explanation:

We know the value decreased by a factor of 2500/28000 after 5 years.

This means the value decreased by a factor of (2500/28000)⅕ per year.

Therefore, after 3 years, the value is

[tex]28000(2500/28000)^{3/5} \approx 3285.47[/tex]

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