Nicole is running for school president. Her best friend designed a campaign poster, which measured 3 feet by 2 feet. Nicole like
1 answer:
You might be interested in
Answer:
-0.0625
-0.25
1
-4
16
Step-by-step explanation:
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