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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?
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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?

User Rasmus Puls
by
7.9k points

1 Answer

4 votes

Answer:

$ 1,375

Explanation:

20,000 - 14,500 = 5,500

5,500 ÷ 4 = 1,375

User Suji
by
8.4k points
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