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algebraA car depreciates linearly. Value new: $20,000. Value after 5 years: $10,000. What is the value after 8 years?
A
$4,000
B
$6,000
C
$8,000
D
$2,000
Correct Answer: A
Choice A is the correct answer. Find rate and project.
- Change: in 5 years.
- Rate: per year.
- Model: .
- Calculate: . .
💡 Strategic Tip: Or step by step: Year 5 is 10k. Year 6 is 8k. Year 7 is 6k. Year 8 is 4k.
Choice B is incorrect.Choice C is incorrect.Choice D is incorrect.