If a new car is valued at $20,600 and 8 years later it is valued at $3000​, then what is the average rate of change of its value during those 8 years?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 63SE: In the year 1985, a house was valued at 110,000. Bythe year 2005, the value hadappreciated to...
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If a new car is valued at $20,600 and 8 years later it is valued at $3000​, then what is the average rate of change of its value during those 8 years?

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