Bowman Tyler
09/01/2024 · Middle School

A car was valued at \( \$ 42,000 \) in the year 1995. The value depreciated to \( \$ 11,000 \) by the year 2003. A) What was the annual rate of change between 1995 and 2003? \( r=\square \) 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 2007 ? value \( =\$ \square \) Round to the nearest 50 dollars.

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A) Annual rate of change: 0.2929 B) Rate in percentage form: 29.29% C) Value in 2007: $2750

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