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3. Ten years ago, Tiffany's mother bought a new car for $9000. Tiffany is now going to buy the car for $900.. Assuming a steady rate of depreciation, what was the approximate annual rate of depreciation?
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4 votes
3. Ten years ago, Tiffany's mother

bought a new car for $9000. Tiffany
is now going to buy the car for $900..
Assuming a steady rate of depreciation,
what was the approximate annual
rate of depreciation?

User Sylph
by
7.3k points

1 Answer

3 votes
About 900. 00 dollars a year
User David Ching
by
8.0k points
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