Ball Moran
11/23/2023 · Junior High School
A car was valued at \( \$ 36,000 \) in the year 1991 . The value depreciated to \( \$ 11,000 \) by the year 2008. A) What was the annual rate of change between 1991 and 2008? \( r=\square \) Round the rate of decrease to 4 decimal places. B) What is the correct answer to part A written in percentage form? \( r=\square \). C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2013 ? value \( =\$ \square \)
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A) Annual rate of change: \( r \approx 0.1649 \)
B) Rate in percentage: \( r \approx 16.49\% \)
C) Value in 2013: \( \approx 4880.7 \)
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