Question

Sandra Bramblett paid 16,900 for a car 4 years ago. The car is now valued at 7,200. Find the average annual depreciation.

Answer 1

The average annual depreciation of Sandra Bramblett's car, which was purchased for $16,900 and valued at $7,200 after 4 years, is $2,425.

Step-by-step explanation:

The question involves calculating the average annual depreciation of a car. Sandra Bramblett bought a car for $16,900, and after 4 years, the car's value decreased to $7,200.

To find the average annual depreciation, we subtract the car's final value from its initial purchase price and then divide by the number of years.

Here is the step-by-step calculation:

1. Calculate the total depreciation: $16,900 - $7,200 = $9,700.
2. Divide the total depreciation by the number of years: $9,700 ÷ 4 = $2,425.

The average annual depreciation of the car is $2,425.