A car was valued at $27,000 in the year 1994. The value depreciated to $15,000 by the year 2005. A) What was the annual rate of change between 1994 and 2005? r = 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 2009 ? value = $ Round to the nearest 50 dollars. Question Help: DVideo M Message instructor D Post to forum

College Algebra
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ISBN:9781938168383
Author:Jay Abramson
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Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
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A car was valued at $27,000 in the year 1994. The value depreciated to $15,000 by the year 2005.
A) What was the annual rate of change between 1994 and 2005?
Round the rate of decrease to 4 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
2009 ?
value = $
Round to the nearest 50 dollars.
Question Help: Video Message instructor D Post to forum
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Transcribed Image Text:A car was valued at $27,000 in the year 1994. The value depreciated to $15,000 by the year 2005. A) What was the annual rate of change between 1994 and 2005? Round the rate of decrease to 4 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 2009 ? value = $ Round to the nearest 50 dollars. Question Help: Video Message instructor D Post to forum Submit Question Persuasive Topic...doc Persuasixe%?0 ndf Dersuasive 2o ndf
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