A car was valued at $37,000 in the year 1994. The value depreciated to $10,000 by the year 2003. A) What was the annual rate of change between 1994 and 2003? T = Round the rate of decrease to 4 decimal places.

College Algebra
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ISBN:9781938168383
Author:Jay Abramson
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Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 63SE: In the year 1985, a house was valued at 110,000. Bythe year 2005, the value hadappreciated to...
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A car was valued at $37,000 in the year 1994. The value depreciated to $10,000 by the year 2003.
A) What was the annual rate of change between 1994 and 2003?
T =
Round the rate of decrease to 4 decimal places.
Transcribed Image Text:A car was valued at $37,000 in the year 1994. The value depreciated to $10,000 by the year 2003. A) What was the annual rate of change between 1994 and 2003? T = Round the rate of decrease to 4 decimal places.
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