A car was valued at $43,000 in the year 1991. The value depreciated to $15,000 by the year 2002. A) What was the annual rate of

Question

A car was valued at $43,000 in the year 1991. The value depreciated to $15,000 by the year 2002.
A) What was the annual rate of change between 1991 and 2002?
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 2007 ?
value = $ Round to the nearest 50 dollars.

Kunduz · Accepted Answer

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