In the year 2011, Ryan's boat had a value of $23,000. When he bought the boat in 2004 he paid $26,500. If the value of the boat depreci annual rate of change of the boat's value? Round your answer to the nearest hundredth if necessary.
In the year 2011, Ryan's boat had a value of $23,000. When he bought the boat in 2004 he paid $26,500. If the value of the boat depreci annual rate of change of the boat's value? Round your answer to the nearest hundredth if necessary.
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter3: Solving Equation And Problems
Section3.7: Costs, Income, And Value Problems
Problem 10P
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I’m the year 2011 Ryan s boat had a value of 23000. when he bought the boat in 2004 he paid 26500. If the value of the boat depreciated linearly what was the annual rate of changes of the boat?
Transcribed Image Text:In the year 2011, Ryan's boat had a value of $23,000. When he bought the boat in 2004 he paid $26,500. If the value of the boat depreci
annual rate of change of the boat's value? Round your answer to the nearest hundredth if necessary.
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