Question

A $30,000 car depreciates linearly to $10,000 in 8 years. How much is the car worth 7 years after it is purchased?

Answer 1

Change in amount/ 8 years = Change in Amount/ 7 Years
20000/8 = Change in Amount/7
Change In amount = 17500
Total Amount = Initial amount - change in amount.
Total amount = 30000-17500
Now work it out. If you have any questions let me know