Solve the given problems. A car costs $38,000 new and is worth $24,000 2 years later. The
Question:
Solve the given problems.
A car costs $38,000 new and is worth $24,000 2 years later. The annual rate of depreciation is found by evaluating
where C is the cost and V is the value after 2 years. At what rate did the car depreciate? (100 and 1 are exact.)
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First we need to look in the given values for C and V C 38000 V 24000 Th...View the full answer
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Related Book For 
Basic Technical Mathematics
ISBN: 9780137529896
12th Edition
Authors: Allyn J. Washington, Richard Evans
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