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The value of a car x years from now is given by v(x) = 2000(0.75)x. What is the annual compound interest rate of depreciation?
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The value of a car x years from now is given by v(x) = 2000(0.75)x. What is the annual compound interest rate of depreciation?

User Endowzoner
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Hello! So because the value in the parenthesis is less than one, this represents exponential decay. 0.75 is 75% in decimal form. Percents are parts of 100. let's multiply that number from 100. 100 - 75 is 25. There. The rate of depreciation is 25%.
User Liolik
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