hamburger stand purchased at $64,000 was sold three years later for $42,875. Assuming that the value of the stand decreased geometrically, find the average rate per year at which the value decreased.

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 hamburger stand purchased at $64,000 was sold three years later for $42,875. Assuming that the value of the stand decreased geometrically, find the average rate per year at which the value decreased.
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