The annual rate of depreciation r on a car that is purchased for P dollars and is worth W dollars t years later can be found from the formula: Find the annual rate of depreciation on a car that is purchased for $5,000 and sold 4 years later for $2,500.
A) 6.3%
B) 18.9%
C) 12.5%
D) 11.9%
E) 15.9%

Question

The annual rate of depreciation r on a car that is purchased for P dollars and is worth W dollars t years later can be found from the formula:  Find the annual rate of depreciation on a car that is purchased for $5,000 and sold 4 years later for $2,500.
A) 6.3% 
B) 18.9% 
C) 12.5% 
D) 11.9% 
E) 15.9%

Quizplus · Accepted Answer

The Answer of The annual rate of depreciation r on a car that is purchased for P dollars and is worth W dollars t years later can be found from the formula:  Find the annual rate of depreciation on a car that is purchased for $5,000 and sold 4 years later for $2,500.
A) 6.3% 
B) 18.9% 
C) 12.5% 
D) 11.9% 
E) 15.9%

The Annual Rate of Depreciation R on a Car That