A car was valued at $33,000 in the year 1994. The value depreciated to $12,000 by the year 2006. A) What was the annual rate of change between 1994 and 2006? r = Round the rate of decrease to 4 decimal places. B) What is the correct answer to part A written in percentage form? r = %. 4 C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2010? value = $ Round to the nearest 50 dollars.

Calculus: Early Transcendentals
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ISBN:9781285741550
Author:James Stewart
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Chapter1: Functions And Models
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A car was valued at $33,000 in the year 1994. The value depreciated to $12,000 by the year 2006.
A) What was the annual rate of change between 1994 and 2006?
r =
Round the rate of decrease to 4 decimal places.
B) What is the correct answer to part A written in percentage form?
T =
%.
C) Assume that the car value continues to drop by the same percentage. What will the value be in the year
2010 ?
value = $
Round to the nearest 50 dollars.
Transcribed Image Text:A car was valued at $33,000 in the year 1994. The value depreciated to $12,000 by the year 2006. A) What was the annual rate of change between 1994 and 2006? r = Round the rate of decrease to 4 decimal places. B) What is the correct answer to part A written in percentage form? T = %. C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2010 ? value = $ Round to the nearest 50 dollars.
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