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Cars lose value over time. Every decade, their value decreases by 1/2. A car is bought for $43,995. How much is it worth in 3 decades? Round to the nearest cent!
Cars lose value over time. Every decade, their value decreases by 1/2. A car is bought for $43,995. How much is it worth in 3 decades? Round to the nearest cent!
First Decade: $43,995 * 1/2 = $21,997.50
Second Decade: $21,997.50 * 1/2 = $10,998.75
Third Decade: $10,998.75 * 1/2 = $5,499.375 ≈ $5,499.38
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