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A new car is purchased for $49,000 and over time its value depreciates by one half
every 4.5 years. What is the value of the car 21 years after it was purchased, to the
nearest hundred dollars?

Respuesta :

Answer: it’s 1900

Step-by-step explanation:

The value of the car 21 years after it was purchased, to then earest hundred dollars is $1900.

What is the value of the car in 21 years?

When an asset depreciates, it means that it declines in value with the passage of time.

The formula for calculating future value:

FV = P (1 +-r)^n

  • FV = Future value
  • P = Present value
  • R = rate of decline = 50%
  • N = number of years : 21 / 4.5 = 4.67

49,000(0.5^4.67) = $1900

To learn more about depreciation, please check: https://brainly.com/question/18760477

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