Question: A car was valued at $ 3 8 , 0 0 0 in the year 1 9 9 2 . The value depreciated to $

A car was valued at $38,000 in the year 1992. The value depreciated to $10,000 by the year 2004.
A) What was the annual rate of rhange between 1992 and 2004?
r= Round the rate of decrease to 4 decimal places.
B) What is the correct answer to part A written in percentage form?
r-76.
C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2009?
value -5 Round to the nearest 50 dollars.
 A car was valued at $38,000 in the year 1992. The

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