A new car is purchased for $30,000 and over time its value depreciates by one halfevery 5 years. What is the value of the car 11 years after it was purchased, to thenearest hundred dollars?

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asked May 26, 2023 121k views

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A new car is purchased for $30,000 and over time its value depreciates by one halfevery 5 years. What is the value of the car 11 years after it was purchased, to thenearest hundred dollars?

Mathematics
college

Taylor Brandstetter asked

by Taylor Brandstetter

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The value of the car after 11 years can be determined as,

Vitalym answered May 30, 2023

by Vitalym

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