From the following information, determine the average yearly depreciation. Choose the right answer.

Cost of used car = $3,000.00
Years driven = 6
Trade-in value =$1,250.00

Average yearly depreciation

3000 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.

options are...

252.270
291.67
315.33

To determine the average yearly depreciation, we need to calculate the difference between the cost of the car and the trade-in value, and then divide it by the number of years driven.

Depreciation = Cost of used car - Trade-in value
Depreciation = $3,000.00 - $1,250.00
Depreciation = $1,750.00

Average yearly depreciation = Depreciation / Years driven
Average yearly depreciation = $1,750.00 / 6
Average yearly depreciation = $291.67 (rounded to the nearest cent)

Therefore, the average yearly depreciation is $291.67.

To determine the average yearly depreciation of a car, you can use the formula:

Average Yearly Depreciation = (Initial Cost - Final Value) / Number of Years

In this case, the initial cost of the car is $3,000.00 and the final value after 6 years is $1,250.00 (trade-in value).

Plugging in these values into the formula:

Average Yearly Depreciation = ($3,000.00 - $1,250.00) / 6

Average Yearly Depreciation = $1,750.00 / 6

Average Yearly Depreciation = $291.67 (rounded to the nearest cent)

Therefore, the average yearly depreciation of the car is $291.67.