An automobile purchased for $35,000 is worth $2600 after 6 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 $

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 64SE: A car was valued at 38,000 in the year 2007. By 2013, the value had depreciated to 11,000 If the...
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An automobile purchased for $35,000 is worth $2600 after 6 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 $
Transcribed Image Text:An automobile purchased for $35,000 is worth $2600 after 6 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 $
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