Question

After buying a car for $12,000, it depreciated $2,000 after the first year, It

depreciated $1,500 in year two and another $1,000 in year three. How much is the
car worth at the end of the third year?
$12,000
$10,000
$8,500
$7,500

Answer 1

Answer:8,500

Explanation:

12,000-2,000=10,000

10,000-1,500=9,500

9,500-1,000=8,500

thus, 8,500 is correct