Solved

The Annual Rate of Depreciation R on a Car That

Question 169

Short Answer

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: 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. Round the result to the nearest tenth of a percent. __________% Find the annual rate of depreciation on a car that is purchased for $5,000 and sold 4 years later for $2,500. Round the result to the nearest tenth of a percent. __________%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents