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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?
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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?

User Taylor Brandstetter
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1 Answer

3 votes

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


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User Vitalym
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