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Hank buy a $24,000 car when he graduated from college. If this car depreciates at a rate of 10% per year how long will it take for the car to lose half of the

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Answer:

$24,000 when Hank bought the car

$12,000 half of its value

$21,600 after 1 year

$19,440 after 2 years

$17,496 after 3 years

$15,746.4 after 4 years

$14,171.76 after 5 years

$12,754.58 after 6 years

$11,479.12

after 6 years and half, Hank's car would have lost half of its value

Step-by-step explanation:

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