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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

  • math -

    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.

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