Ortega Boone
01/28/2023 · Middle School

A car was valued at \( \$ 42,000 \) in the year 1991. The value depreciated to \( \$ 12,000 \) by the year 2004. A) What was the annual rate of change between 1991 and 2004 ? \( r= \) B) What is the correct answer to part A written in percentage form? \( r= \) C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2007? value \( =\$ 9000 \) Question Help: Video Submit Question Jump to Answer

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A) Annual rate of change: \( r \approx -0.27522 \) B) Annual rate of change in percentage: \( r \approx -27.52\% \) C) Value in 2007: \( \approx 4536 \)

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