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1 January, 10:26

A new car is purchased for $14,000 and over value depreciates by one half

every 7 years. What is the value of the car 26 years after it was purchased, to the

nearest hundred dollars?

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Answers (1)
  1. 1 January, 10:39
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    Answer: $1,800

    Value at 7 years of age: $7,000

    Value at 14 years of age: $3,500

    Value at 21 years of age: $1,750

    Round to nearest hundred dollars
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