# math

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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

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%

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