A car was valued at $$ \$ 29,000 $$ in the year 1990 . The value depreciated to $$ \$ 15,000 $$ by the year 2008. A) What was the annual rate of change between 1990 and 2008 ? $$ r=0.035 $$ 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 2013 ? value $$ =\$ \square $$ Round to the nearest 50 dollars.

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A) Annual rate of change: $$ r \approx 0.132 $$ B) Annual rate of change in percentage: $$ 13.2\% $$ C) Value in 2013: $$ \$7700 $$

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