Determine annual rate of change between given years


The car was valued at $44,000 in year 1993. Value depreciated to $15,000 by year 2006.

A) Determine annual rate of change between 1993 and 2006?

B) Find correct answer to part A written in percentage form?

C) Suppose that car value continues to drop by same percentage. What will value be in year 2011?

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Mathematics: Determine annual rate of change between given years
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