Question:
A car was valued at $28,000 in the year 1995. The value
Last updated: 7/15/2022
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A car was valued at $28,000 in the year 1995. The value depreciated to $15,000 by the year 2007. A) What was the annual rate of change between 1995 and 2007? T= Round the rate of decrease to 4 decimal places. B) What is the correct answer to part A written in percentage form? T= %. C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2012? value = $ Round to the nearest 50 dollars.