A new car is purchased for $ 41 , 000 $41,000 and over time its value depreciates by one half every 3 years. What is the value o
f the car 17 years after it was purchased, to the nearest hundred dollars?
1 answer:
Answer:
$800
Step-by-step explanation:
A = P 
Because it's every 3 years, you need to find how many 3 years in the 17-year-period of time.
17/3 = 5.666...
P is initial amount:
A = $41, 000 
A = 41, 000 (0.01968...)
A = 807.13692...
A ≈ $800
Rounded to the nearest hundred dollars.
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