A car was valued at $33,000 in the year 1992. The value depreciated to $14,000 by the year 2001. A) What was the annual rate of

Question

A car was valued at $33,000 in the year 1992. The value depreciated to $14,000 by the year 2001.
A) What was the annual rate of change between 1992 and 2001?
r = Round the rate of decrease to 4 decimal places.
B) What is the correct answer to part A written in percentage form?
r =.
C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2006?
value = $ Round to the nearest 50 dollars.

Kunduz · Accepted Answer

Click to see the answer