Mathematics, 01.03.2021 03:30 gigi246899
A car was valued at $38,000 in the year 1993. The value depreciated to $13,000 by the year 2000.
A) What was the annual rate of change between 1993 and 2000? Round the rate of decrease to 4 decimal places.
B) What is the correct answer to part A written in percentage form?
C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2003 ? Round to the nearest 50 dollars.
Answers: 2
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A car was valued at $38,000 in the year 1993. The value depreciated to $13,000 by the year 2000.
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