A car was valued at $43,000 in the year 1994. The value depreciated to $12,000 by the year 2002. A) What was the annual rate of change between 1994 and 2002? Round the rate of decrease to 4 decimal places. r = 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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A car was valued at $43,000 in the year 1994. The value depreciated to $12,000 by the year 2002.
A) What was the annual rate of change between 1994 and 2002?
Round the rate of decrease to 4 decimal places.
r =
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 $43,000 in the year 1994. The value depreciated to $12,000 by the year 2002. A) What was the annual rate of change between 1994 and 2002? Round the rate of decrease to 4 decimal places. r = 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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