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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 hundred dollars?
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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 hundred dollars?

User Christian P
by
7.2k points

1 Answer

2 votes

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

User Changchang
by
7.6k points
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