A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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A car was valued at $25,000 in the year 1993. The value depreciated to $11,000 by the year 2007.
A) What was the annual rate of change between 1993 and 2007?
Round the rate of decrease to 4 decimal places.
B) What is the correct answer to part A written in percentage form?
C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2011
value = $
Round to the nearest 50 dollars.
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888
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Transcribed Image Text:%24 %23 A car was valued at $25,000 in the year 1993. The value depreciated to $11,000 by the year 2007. A) What was the annual rate of change between 1993 and 2007? Round the rate of decrease to 4 decimal places. B) What is the correct answer to part A written in percentage form? C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2011 value = $ Round to the nearest 50 dollars. %3D Submit Question 888 F4 esc F2 2. 6. 3. 4.
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