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.
[tex]\text{Depreciation }=\dfrac{\text{Difference in prize}}{\text{Number of months}}[/tex]
[tex]D = \dfrac{29520-26420}{18-8}\\\\D = \dfrac{3100}{10}\\\\D = \$310[/tex]
Therefore, depreciation of car each month is $310 .
Hence, this is the required solution.
