Question

Assume that the value of an automobile is inversely proportional to its age. If it is worth $3,000 when it is two years old, what is its value when it is six-years-old? $250, $500, $1,000

Answer 1

$1,000

This is because since the car is $3,000 and it's newer it's worth more, so the logical answer is 1,000 because the price of car would have had to go down a specific amount each year ($500)

Years:

1 - $3,500 (assuming)

2- $3,000

3- $2,500 (If goes down by 500 each year)

4- $2,000

5- $1,500

6- $1,000 (We end up with 1,000 correctly)

Answer 2

If the value of an automobile is inversely proportional to its age it means that as the years pass the value of the automobile will be lower and lower.
If it is worth $3,000 when it is two years old, in four years when the car will be six-years old the value will be $1,000.