A new car is purchased for \$14,000$14,000 and over time its value depreciates by one half every 5.5 years. What is the value of the car 18 years after it was purchased, to the nearest hundred dollars?

$1750

Step-by-step explanation:

If the car’s values decreases one half every 5.5 years in 18 years it will have decreased 3 times.

So:

14,000/2 = 7,000

7,000/2 = 3,500

3,500/2 = 1750

Therefore, the vale after 18 years is 1,750.

soo this can be solve by using the formula:

f = p( 1 + i)^ n

where f is the future profit

p is the initial profit

i is the percent increase

n is the number of years

a . f = 30000 ( 1.05)^n

b. f = 30000 ( 1.05)^15

f = $62,368

step-by-step explanation: