A car was valued at $27,000 in the year 1991. The value depreciated to $11,000 by the year 2007. A) What was the annual rate of

Question

A car was valued at $27,000 in the year 1991. The value depreciated to $11,000 by the year 2007.
A) What was the annual rate of change between 1991 and 2007?
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 2012 ?
value = Round to the nearest 50 dollars.

Kunduz · Accepted Answer

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