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November 27, 2014

November 27, 2014

Posted by **wilton** on Friday, May 2, 2014 at 9:39am.

Cost of used car = $3,000.00

Years driven = 6

Trade-in value =$1,250.00

Average yearly depreciation

- math -
**Reiny**, Friday, May 2, 2014 at 9:50am3000 r^6 = 1250

r^6 = .416666...

r = .416666...^(1/6)

r = .864

so the annual rate of depreciation was

1 - .864 = .136 or 13.6%

you did not list your choices.

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