A new car is purchased for $50, 000 and over time its value depreciates by one half every 5 years. What is the value of the car 7 years after it was purchased, to the nearest hundred dollars?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.2: Arithmetic Sequences
Problem 67E
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Mar 10, 5:39:05 PM
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A new car is purchased for $50, 000 and over time its value depreciates by one half
every 5 years. What is the value of the car 7 years after it was purchased, to the
nearest hundred dollars?
Answer:
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attempt i out of 2
Transcribed Image Text:Mar 10, 5:39:05 PM Watch help video A new car is purchased for $50, 000 and over time its value depreciates by one half every 5 years. What is the value of the car 7 years after it was purchased, to the nearest hundred dollars? Answer: Submit Answer attempt i out of 2
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