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A new car is purchased for $14,000 and over value depreciates by one half every 7 years. What is the value of the car 26 years after it was purchased, to the nearest hundred dollars?
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A new car is purchased for $14,000 and over value depreciates by one half

every 7 years. What is the value of the car 26 years after it was purchased, to the
nearest hundred dollars?

User Ccyan
by
8.0k points

1 Answer

3 votes
Answer: $1,800

Value at 7 years of age: $7,000

Value at 14 years of age: $3,500

Value at 21 years of age: $1,750

Round to nearest hundred dollars
User Imwilsonxu
by
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