Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. a car was valued at $27,000 in the year 1991. the

A car was valued at $27,000 in the year 1991. The value depreciated to $11,000...

50.1K

Verified Solution

Question

Basic Math

image

A car was valued at $27,000 in the year 1991. The value depreciated to $11,000 by the year 2007.A) What was the annual rate of change between 1991 and 2007?r = Round the rate of decrease to 4 decimal places.B) What is the correct answer to part A written in percentage form?r = C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2012 ?value = Round to the nearest 50 dollars.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

The a2 Milk Company (ATM) wants to hedge against the foreign exchange (FX) risk of its...

Psychology
1.2K views

You can choose one of these two topics: 1) Topic 1: Imagine CPP is organizing a...

Geometry
1.2K views

31 12 x 18 A isosceles 8 B equilateral 11 C isosceles 6 D equilateral...

Basic Math
1.2K views

Data indicates the number of global malaria cases has risen sharply since the year 2000....

Algebra
1.2K views

2 r 7r 8

Accounting
1.2K views

1. Write any two of the Permanent Accounts.* (2 points) Cash, Accounts Receivable,...

Accounting
1.2K views

In its first year of operations, a retailer made the following inventory purchases: 280 units...

Accounting
1.2K views

The new Corina watch has an expected selling price per watch of $42, the projected...

Accounting
1.2K views

The standard cost of product B manufactured by Vaughn Company includes 3 units of direct...

Finance
1.2K views

For the following treasury bill bought in 2007, find (a) the price of the T-bill,...

Accounting
1.2K views

what is a continouse budget

Finance
1.2K views

Excey Corp. has 9 percent coupon bonds making annual payments with a YTM of 8.5...