Question

A car that was originally worth $29.500 depreciates at a rate of $2.500 per year. Find the volue of the car after six years.

A.$14,000
B.$15,000
C.$14,800
D.$14,500​

Answer 1

D.$14,500​. The value of the car after six years is $14,500.

Step-by-step explanation:

To find the value of the car after six years, we need to subtract the depreciation from the original value. The car depreciates at a rate of $2,500 per year, so after six years, it would have depreciated by $2,500 x 6 = $15,000. Subtracting this from the original value of $29,500 gives us $29,500 - $15,000 = $14,500. Therefore, the value of the car after six years is $14,500.