Solve the equation of exponential decay. Hugo sold his car after one year for $25,000. He bought it new for $29,400. What was the rate of depreciation?

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asked Dec 3, 2020 203k views

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Solve the equation of exponential decay. Hugo sold his car after one year for $25,000. He bought it new for $29,400. What was the rate of depreciation?

Mathematics
college

Sybreon asked

by Sybreon

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3 votes

Answer:

15%

Explanation:

29,400-25,000 = 4,400

4,400/29,400 =0.14965

0.14965 x 100 = 14.965%

or round up to 15%

Matteo Conta answered Dec 9, 2020

by Matteo Conta

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