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A car purchased for $21,000 was worth $8,500 after 5 years. If the cars value depreciated, or decreased, by the same amount each year, what was its yearly loss in value? At the end of the fourth year, the car was worth $ ?

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Spymore

Answer:$2,500 was the yearly loss in value. $11,000 was its value at the end of the fourth year.

Step-by-step explanation:

Total loss in value = $21,000 - $8,500 = $12,500

Since are five years = 12,500/5years = $2,500 a year , yearly loss

Value of car after 4 years = $21,000 - 4yearx$2,500/year

Value of car after 4 years = $21,000 -$10,000 = $11,000

Answer:$2,500 was the yearly loss in value. $11,000 was its value at the end of the fourth year.  

Spymore

sqdancefan

Answer:

  • $2,500
  • $11,000

Step-by-step explanation:

The loss of value over 5 years was ...

  $21,000 -8,500 = $12,500

Then the average loss of value per year was ...

  $12,500/(5 yr) = $2,500/yr

The yearly loss in value was $2,500.

__

At the end of year 4, the value will be $2,500 more than at the end of year 5, so was ...

  $8,500 +2,500 = $11,000

The car was worth $11,000 at the end of the fourth year.

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