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A car was valued at $43,000 in the year 1994

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A car was valued at $43,000 in the year 1994. The value depreciated to $15,000 by the year 2005.

 

A) What was the annual rate of change between 1994 and 2005?

Round the rate of decrease to 4 decimal places.

________

 

 

B) What is the correct answer to part A written in percentage form?

 

 

C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2010 ?

value = $ _______  Round to the nearest 50 dollars.