A car was valued at $32,000 in the year 1991. The value depreciated to $13,000 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. 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 2008 ? value = $ Round to the nearest 50 dollars.
Unitary Method
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A car was valued at $32,000 in the year 1991. The value depreciated to $13,000 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.
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 2008 ?
value =
$ Round to the nearest 50 dollars.
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