Question

2 points

21. Colin bought a car for $32,555. The value of the car depreciates by the same amount
each
year.
After 10 years, his car is now worth $18,725. What is the rate of depreciation?

Answer 1

The Rate is 1,383!

Explanation:

1st)32,555-18,725=13,830

2nd)13,830/10=1,383.

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