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Hank bought a $24,000 car when he graduated from college. His car will lose half of its value in 6.58 years. At what rate does Hank’s car depreciate? A) 30% B) 20% C) 10% D) 5%
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Hank bought a $24,000 car when he graduated from college. His car will lose half of its value in 6.58 years. At what rate does Hank’s car depreciate?

A) 30%
B) 20%
C) 10%
D) 5%

User Nick Stinemates
by
6.2k points

1 Answer

7 votes
10% is the answer..... 
User Leal
by
6.0k points
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