Question

19.A certain car loses 50% of its value each year. If this car cost $40,000 new, what is its value at the end of 6 years?

Answer 1

Answer:

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Step-by-step explanation:

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Answer 2

Answer:

$625

Step-by-step explanation:

See here the price of the car will be decreased by 50 % at the end of 1 year , so it will be

$ 40000 - 50% of $ 40000

Which is $ 20000 at the end of first year

Now, at the end of 2 years it will be

$ 20000 - 50% of $20000

Which is $ 10000

So, continuing this process we get the value of the car at the end of 6 years to be

$ 1250 - 50% of $1250

Which is $ 625

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