A new car is purchased for $44,000 and over time its value depreciates by one half every 5.5 years. What is the value of the car 3 years after it was purchased, to the nearest hundred dollars?

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asked Oct 14, 2022 98.2k views

20 votes

A new car is purchased for $44,000 and over time its value depreciates by one half every 5.5 years. What is the value of the car 3 years after it was purchased, to the nearest hundred dollars?

Mathematics
high-school

Chepyle asked

by Chepyle

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1 Answer

10 votes

Answer:

Explanation:

y≈30100

A new car is purchased for $44,000 and over time its value depreciates by one half-example-1

Xi Sigma answered Oct 20, 2022

by Xi Sigma

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