The original value of the car is $18,000 and it depreciates by 50% each year what is the value of the car after three years

Question

Mathematics

Malakai Robbins

1 May, 14:49

The original value of the car is $18,000 and it depreciates by 50% each year what is the value of the car after three years

+4

Answers (2)

Know the Answer?

Williamson · Answer 1

The formula is

A=p (1-r) ^t

A the value of the car after 3 years?

P current value 18000

R rate of depreciation 0.5

T time 3years

A=18,000 * (1-0.5) ^ (3)

A=2,250

Mckenzie Grimes · Answer 2

value = 18000 * (1-0.50) ^3 = 2250

value after 3 years = $2250