A car was valued at $33,000 in the year 1994. The value depreciated to $12,000 by the year 2006. A) What was the annual rate of change between 1994 and 2006? r = Round the rate of decrease to 4 decimal places. B) What is the correct answer to part A written in percentage form? r = %. 4 C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2010? value = $ Round to the nearest 50 dollars.

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...
icon
Related questions
Question

Please help

A car was valued at $33,000 in the year 1994. The value depreciated to $12,000 by the year 2006.
A) What was the annual rate of change between 1994 and 2006?
r =
Round the rate of decrease to 4 decimal places.
B) What is the correct answer to part A written in percentage form?
T =
%.
C) Assume that the car value continues to drop by the same percentage. What will the value be in the year
2010 ?
value = $
Round to the nearest 50 dollars.
Transcribed Image Text:A car was valued at $33,000 in the year 1994. The value depreciated to $12,000 by the year 2006. A) What was the annual rate of change between 1994 and 2006? r = Round the rate of decrease to 4 decimal places. B) What is the correct answer to part A written in percentage form? T = %. C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2010 ? value = $ Round to the nearest 50 dollars.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question

Part a and b are wrong ?

Solution
Bartleby Expert
SEE SOLUTION
Recommended textbooks for you
Elementary Geometry For College Students, 7e
Elementary Geometry For College Students, 7e
Geometry
ISBN:
9781337614085
Author:
Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:
Cengage,
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL