(01.01 mc) eric wants to sell his car that he paid $7,000 for 3 years ago. the car depreciated, or decreased…

(01.01 mc) eric wants to sell his car that he paid $7,000 for 3 years ago. the car depreciated, or decreased in value, at a constant rate each month over a 3 - year period. if x represents the monthly depreciation amount, which expression shows how much eric can sell his car for today? 7,000 - 3x 7,000 + 3x 7,000 - 36x 7,000 + 36x

(01.01 mc) eric wants to sell his car that he paid $7,000 for 3 years ago. the car depreciated, or decreased in value, at a constant rate each month over a 3 - year period. if x represents the monthly depreciation amount, which expression shows how much eric can sell his car for today? 7,000 - 3x 7,000 + 3x 7,000 - 36x 7,000 + 36x

Answer

Explanation:

Step1: Calculate number of months

There are 12 months in a year, and for 3 - year period, the number of months is $12\times3 = 36$ months.

Step2: Determine the total depreciation

Since the monthly depreciation amount is $x$, the total depreciation over 36 months is $36x$.

Step3: Find the current value

The car was bought for $7000$, and its value has decreased by $36x$. So the current value is $7000−36x$.

Answer:

$7000 - 36x$ (corresponding to the third option in the multiple - choice list)