Question

The original value of the car is $18,000 and it depreciates by 50% each year what is the value of the car after three years

Answer 1

The formula is
A=p (1-r)^t
A the value of the car after 3 years?
P current value 18000
R rate of depreciation 0.5
T time 3years
A=18,000×(1−0.5)^(3)
A=2,250

Answer 2

value = 18000*(1-0.50)^3 = 2250

value after 3 years = $2250