Question

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?

Answer 1

$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