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1 May, 05:39

The value of a car after t years can be found using the formula v = c (1 - r) t, where v is the current value of the car, c is the original price of the car, and r is the rate of depreciation. solve the formula for r. raj bought a car 4.5 years ago for $25,000, and the current value of the car is $12,000. at what percentage rate has the car depreciated

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  1. 1 May, 07:43
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    V=c (1-r) t

    12000=25000 (1-r) 4.5

    2666.6667=25000 (1-r)

    0.10667=1-r

    R=0.89333

    =0.89%
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