Question:

A car was valued at $28,000 in the year 1995. The value

Last updated: 7/15/2022

A car was valued at $28,000 in the year 1995. The value

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.