A car was valued at $45,000 in the year 1990. The value depreciated to $13,000 by the year 2005. A) What was the annual rate of change between 1990 and 2005? 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 2008 ? value = $ Round to the nearest 50 dollars.
A car was valued at $45,000 in the year 1990. The value depreciated to $13,000 by the year 2005. A) What was the annual rate of change between 1990 and 2005? 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 2008 ? value = $ Round to the nearest 50 dollars.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:A car was valued at $45,000 in the year 1990. The value depreciated to $13,000 by the year 2005.
A) What was the annual rate of change between 1990 and 2005?
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
2008 ?
value = $
Round to the nearest 50 dollars.
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