Question

A car straight line depreciates monthly over time. After 8 months the car is worth $29,520. After 18 months the car is worth $26,420. How much does this car depreciate each month

Answer 1

Given :

A car straight line depreciates monthly over time.

After 8 months the car is worth $29,520 and after 18 months the car is worth $26,420.

To Find :

How much does this car depreciate each month.

Solution :

Let, depreciation of car each month is D.

$\text{Depreciation }=\dfrac{\text{Difference in prize}}{\text{Number of months}}$

$D = \dfrac{29520-26420}{18-8}\\\\D = \dfrac{3100}{10}\\\\D = \ 310$

Therefore, depreciation of car each month is $310 .

Hence, this is the required solution.