Question:

A car was valued at $35,000 in the year 1991. The value

Last updated: 7/22/2022

A car was valued at $35,000 in the year 1991. The value

A car was valued at $35,000 in the year 1991. The value depreciated to $13,000 by the year 2006. A) What was the annual rate of change between 1991 and 2006? 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 2011? value = $ Round to the nearest 50 dollars.