Answer: $3,000.
Step-by-step explanation: The 10% of $15,000 is %1,500, so the value of the car drops by $1,500 each year. So, in eight years (8 years x $1,500), the value will drop by $12,000. Therefore, the price of the car in eight years will be the original amount minus the depreciating amount ($15,000 - $12,000), this will be $3,000.
