A car was valued at $33,000 in the year 1991. The value depreciated to $11,000 by the year 2003. A) What was the annual rate of change between 1991 and 2003? 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 2007 ? value = $ Round to the nearest 50 dollars.

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A car was valued at $33,000 in the year
1991. The value depreciated to $11,000 by
the year 2003.
A) What was the annual rate of change
between 1991 and 2003?
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 2007 ?
value = $ Round to the nearest 50 dollars.
Transcribed Image Text:A car was valued at $33,000 in the year 1991. The value depreciated to $11,000 by the year 2003. A) What was the annual rate of change between 1991 and 2003? 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 2007 ? value = $ Round to the nearest 50 dollars.
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