The Annual Rate of Depreciation R on a Car That

question 210

Multiple Choice

The annual rate of depreciation r on a car that is purchased for P dollars and is worth W dollars t years later can be found from the formula: Find the annual rate of depreciation on a car that is purchased for $5,000 and sold 4 years later for $2,500.

• A) 6.3%
• B) 18.9%
• C) 12.5%
• D) 11.9%
• E) 15.9%

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