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A car cost $20000 when it was purchased. the value of the car decreases by 8% each year. find the rate of decay each month and select the correct answer below. -0.6667% -0.81% -0.0067% -0.6924%
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A car cost $20000 when it was purchased. the value of the car decreases by 8% each year. find the rate of decay each month and select the correct answer below.

-0.6667%
-0.81%
-0.0067%
-0.6924%

User James Murty
by
5.5k points

1 Answer

7 votes
I think its -0.6667 because divide 8 by 12 and you get that
User Ukasha
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5.9k points
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