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Question

Sanders Gonzalez

10/06/2021 · Elementary School

A car was valued at \( \$ 29,000 \) in the year \( 1992 \) . The value depreciated to \( \$ 11,000 \) by the year \( 2004 . \) 

A) What was the annual rate of change between \( 1992 \) and \( 2004 \) ? 

\( r = \square\) Round the rate of decrease to \( 4 \) decimal places. 

B) What is the correct answer to part A written in percentage form? 

\( r = \square\)

 

 

Answer
expertExpert-Verified Answer

Sandoval Herrera
Certificated Tutor
4.0 (24votes)

A)0.620689

B)62.07%

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