Jeanine bought a car 8 years ago for $28211.The car is now worth $15201.Assuming a steady rate of depreciation,find the yearly rate of depreciation(express as a percent with 2 decimal place).

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.50TI: Susana invested a principal of $36,000 in her bank account that earned simple interest at an...
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Jeanine bought a car 8 years ago for $28211.The car is now worth $15201.Assuming a steady rate of depreciation,find the yearly rate of depreciation(express as a percent with 2 decimal place).
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