Algebra and Trigonometry: Structure and Method, Book 2
2000th Edition
ISBN: 9780395977255
Author: MCDOUGAL LITTEL
Publisher: McDougal Littell
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Question
Chapter 10.7, Problem 19P
To determine
To determine the average annual depreciationrate of price of car.
Expert Solution & Answer
Answer to Problem 19P
The average annual rate of depreciation is approximately 19.7%
Explanation of Solution
Given information:
New car cost is $12,000
Dicreased value to $4000 in 5 years.
We shall use the formula of depreciation,
We put the values from the question.
Here we have to find the rate
Initial value is
Hence we get,
Hence the average annual rate of depreciation is approximately 19.7%
Chapter 10 Solutions
Algebra and Trigonometry: Structure and Method, Book 2
Ch. 10.1 - Prob. 1OECh. 10.1 - Prob. 2OECh. 10.1 - Prob. 3OECh. 10.1 - Prob. 4OECh. 10.1 - Prob. 5OECh. 10.1 - Prob. 6OECh. 10.1 - Prob. 7OECh. 10.1 - Prob. 8OECh. 10.1 - Prob. 9OECh. 10.1 - Prob. 10OE
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Prob. 37WECh. 10.6 - Prob. 38WECh. 10.6 - Prob. 39WECh. 10.6 - Prob. 40WECh. 10.6 - Prob. 41WECh. 10.6 - Prob. 42WECh. 10.7 - Prob. 1OECh. 10.7 - Prob. 2OECh. 10.7 - Prob. 3OECh. 10.7 - Prob. 4OECh. 10.7 - Prob. 1PCh. 10.7 - Prob. 2PCh. 10.7 - Prob. 3PCh. 10.7 - Prob. 4PCh. 10.7 - Prob. 5PCh. 10.7 - Prob. 6PCh. 10.7 - Prob. 7PCh. 10.7 - Prob. 8PCh. 10.7 - Prob. 9PCh. 10.7 - Prob. 10PCh. 10.7 - Prob. 11PCh. 10.7 - Prob. 12PCh. 10.7 - Prob. 13PCh. 10.7 - Prob. 14PCh. 10.7 - Prob. 15PCh. 10.7 - Prob. 16PCh. 10.7 - Prob. 17PCh. 10.7 - Prob. 18PCh. 10.7 - Prob. 19PCh. 10.7 - Prob. 20PCh. 10.7 - Prob. 21PCh. 10.7 - Prob. 22PCh. 10.7 - Prob. 1MRECh. 10.7 - Prob. 2MRECh. 10.7 - Prob. 3MRECh. 10.7 - Prob. 4MRECh. 10.7 - Prob. 5MRECh. 10.7 - Prob. 6MRECh. 10.7 - Prob. 7MRECh. 10.7 - Prob. 8MRECh. 10.7 - Prob. 9MRECh. 10.7 - Prob. 10MRECh. 10.7 - Prob. 11MRECh. 10.7 - Prob. 12MRECh. 10.8 - Prob. 1OECh. 10.8 - Prob. 2OECh. 10.8 - Prob. 3OECh. 10.8 - Prob. 4OECh. 10.8 - Prob. 5OECh. 10.8 - Prob. 6OECh. 10.8 - 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