Wilson Lane
11/18/2023 · Junior High School
A car was valued at \( \$ 39,000 \) in the year 1992. The value depreciated to \( \$ 12,000 \) by the year 2005. A) What was the annual rate of change between 1992 and 2005? \( r=\quad \) Round the rate of decrease to 4 decimal places.
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The annual rate of decrease is approximately -0.1649.
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