Question

A new car is purchased for $14,000 and over value depreciates by one half

every 7 years. What is the value of the car 26 years after it was purchased, to the
nearest hundred dollars?

Answer 1

Answer: $1,800

Value at 7 years of age: $7,000

Value at 14 years of age: $3,500

Value at 21 years of age: $1,750

Round to nearest hundred dollars