Vaughn Mitchell
03/03/2023 · Primary School
A car was valued at \( \$ 31,000 \) in the year 1991 . The value depreciated to \( \$ 13,000 \) by the year 2007 . A) What was the annual rate of change between 1991 and 2007? \( r=\square \) Round the rate of decrease to 4 decimal places. B) What is the correct answer to part A written in percentage form? \( r=\square \). C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2010 ? value \( =\$ \square \) Round to the nearest 50 dollars.
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A) Annual rate of change: 0.2166
B) Rate in percentage: 21.66%
C) Value in 2010: $6300
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