A new mid-sized vehicle sells for $ 24,125 . Maria researched used cars of the same model and found out that after three years the average selling price is $19,600.   Calculate the depreciation percentage, that is the deprecation after 3 years, as a percent of the new vehicle price, to the nearest hundredth of a percent (i.e. two decimal places). a) 15.76 % b) 13.44 % c) 12.48 % d) 18.76 %

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 new mid-sized vehicle sells for $ 24,125 . Maria researched used cars of the same model and found out that after three years the average selling price is $19,600.   Calculate the depreciation percentage, that is the deprecation after 3 years, as a percent of the new vehicle price, to the nearest hundredth of a percent (i.e. two decimal places).

a) 15.76 %

b) 13.44 %

c) 12.48 %

d) 18.76 %
 
e) 19.29% 
 
 
 
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