Question

In 2003, Damian purchased a new car valued at $20,000. Four years later,

the value of his car was $14,500. Assuming a constant rate of decrease,
how much did the value of Damian's car decrease per year?

Answer 1

$ 1,375

Explanation:

20,000 - 14,500 = 5,500

5,500 ÷ 4 = 1,375