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A new car is purchased for \$49,000$49,000 and over time its value depreciates by one half every 5 years. What is the value of the car 11 years after it was purchased, to the nearest hundred dollars?
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A new car is purchased for \$49,000$49,000 and over time its value depreciates by one half every 5 years. What is the value of the car 11 years after it was purchased, to the nearest hundred dollars?

User Magnus Magnusson
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5.6k points

1 Answer

7 votes
Is answer is 27871.205



Set it up like 49000(1-0.05)^11
User Mounirboulwafa
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5.8k points
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