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 $ in the year The value depreciated to $ by the year
A What was the annual rate of rhange between and
Round the rate of decrease to 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
value Round to the nearest dollars.
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