Question

An automobile purchased for ​$38000 is worth ​$2300 after 7 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

Answer 1

11422.46

Step-by-step

2300=38000x⁷

x=.669872323

38000*.669872323³=11422.4614