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19 August, 18:53

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

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Answers (2)
  1. 19 August, 19:06
    0
    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
  2. 19 August, 19:12
    0
    value = 18000 * (1-0.50) ^3 = 2250

    value after 3 years = $2250
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