A car was valued at $29,000 in the year 1992. The value depreciated to $11,000 by the year 2000. A) What was the annual rate of change between 1992 and 2000? r = Round the rate of decrease 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 2005 ? value = $ Round to the nearest 50 dollars.

Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
Chapter8: Areas Of Polygons And Circles
Section8.4: Cicumference And Area Of A Cicle
Problem 46E: A tabletop is semicircular when its three congruent drop-leaves are used. By how much has the tables...
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A car was valued at $29,000 in the year 1992. The value depreciated to $11,000 by the year 2000.
A) What was the annual rate of change between 1992 and 2000?
r =
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 2005 ?
value = $
Round to the nearest 50 dollars.
Transcribed Image Text:A car was valued at $29,000 in the year 1992. The value depreciated to $11,000 by the year 2000. A) What was the annual rate of change between 1992 and 2000? r = 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 2005 ? value = $ Round to the nearest 50 dollars.
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