A new car is purchased for $30,000 and over time its value depreciates by one half every 5 years. What is the value of the car 11 years after it was purchased, to the nearest hu…

Question

asked Apr 17, 2023 184k views

1 Answer

Changchang · Answer 1 · 2023-04-23T09:15:00+0000

Answer:

$6500

Explanation:

It decreases in half every 5 years so...

30000(1-0.5)^2.2

about 6500 since you wanted it to the nearest hundred dollars