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2 answers:
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In order to get the answer to this question you will have to find the common factor and then divide the numerator and denominator by the common factor to get the answer.
Therefore the answer is "2."
Hope this helps.
The value of the car after 5 years would be $23914.85
<u>Explanation:</u>
Given:
Worth of the new car = $50,000
Every 5 years the value depreciates by 1/2
i.e., every 5 years the value depreciates by 50%
So, we can say that every year the value depreciates by 10%
The worth of the car after 7 years would be
where,
W is the depreciated value
C is the current value
D is the depreciation rate
t is the time
Substituting the value in the equation we get:
Therefore, the value of the car after 5 years would be $23914.85