Find the rate of depreciation if you bought a car for $20,000 and, after 4 years, it is worth $12,800. Round to the nearest hundredth.
Use the depreciation model y=a(1−r)t.

Question

melinda2004 melinda2004

06-11-2021
Mathematics

Answered

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Find the rate of depreciation if you bought a car for $20,000 and, after 4 years, it is worth $12,800. Round to the nearest hundredth.
Use the depreciation model y=a(1−r)t.

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