A car was valued at $43,000 in the year 1994. The value depreciated to $15,000 by the year 2000. A) What was the annual rate of change between 1994 and 2000? Round the rate of decrease to 4 decimal places. B) What is the correct answer to part A written in percentage form? TD %. C) Assume that the car value con tinues to drop by the same percentage. What will the value be in the year 2004 ? value $ Round to the nearest 50 dollars.

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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A car was valued at $43,000 in the year 1994. The value depreciated to
$15,000 by the year 2000.
A) What was the annual rate of change between 1994 and 2000?
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 con tinues to drop by the same
percentage. What will the value be in the year 2004 ?
value = $
Round to the nearest 50 dollars.
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Transcribed Image Text:A car was valued at $43,000 in the year 1994. The value depreciated to $15,000 by the year 2000. A) What was the annual rate of change between 1994 and 2000? 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 con tinues to drop by the same percentage. What will the value be in the year 2004 ? value = $ Round to the nearest 50 dollars. Question Help: Video Submit Question
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