A car was valued at $25,000 in the year 1991. The value depreciated to $14,000 by the year 2003. A) What was the annual rate of change between 1991 and 2003? Round the rate of decrease to 4 decimal places. r = 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 2006 ? value = $ |Round to the nearest 50 dollars.

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A car was valued at $25,000 in the year 1991. The value depreciated to $14,000 by the year 2003.
A) What was the annual rate of change between 1991 and 2003?
Round the rate of decrease to 4 decimal places.
r =
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 2006 ?
value = $
|Round to the nearest 50 dollars.
Transcribed Image Text:A car was valued at $25,000 in the year 1991. The value depreciated to $14,000 by the year 2003. A) What was the annual rate of change between 1991 and 2003? Round the rate of decrease to 4 decimal places. r = 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 2006 ? value = $ |Round to the nearest 50 dollars.
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