A new car is purchased for dollar sign, 49, comma, 000$49,000 and over time its value depreciates by one half every 5 years. What is the value of the car 21 years after it was purchased, to the nearest hundred dollars?
A new car is purchased for dollar sign, 49, comma, 000$49,000 and over time its value depreciates by one half every 5 years. What is the value of the car 21 years after it was purchased, to the nearest hundred dollars?
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.S: Summary
Problem 5S
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A new car is purchased for dollar sign, 49, comma, 000$49,000 and over time its value depreciates by one half every 5 years. What is the value of the car 21 years after it was purchased, to the nearest hundred dollars?
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