SOLUTION: you purchased a used car that depreciates at a rate of 9% per year. what is the decay rate?

Algebra.Com
Question 918432: you purchased a used car that depreciates at a rate of 9% per year. what is the decay rate?

Answer by stanbon(75887)   (Show Source): You can put this solution on YOUR website!
you purchased a used car that depreciates at a rate of 9% per year. what is the decay rate?
----
Sounds like 9%
------------------
Cheers,
Stan H.
----------------

RELATED QUESTIONS

A used car has a value of $15,250 when it is purchased in 2012. The value of the car... (answered by Theo)
You bought a used car for $18,000. The value of the car will be less each year because of (answered by flame8855)
Kiana purchased a car for $14000 and realized that the value of the car depreciates at a... (answered by richwmiller)
Jerry bought a used car for 12,000.depreciates at a rate of 15,00 each year. (answered by ewatrrr)
You buy a car for $27500. It depreciates at a rate of 9% per year. You are able to obtain (answered by Theo)
Ms. Smith purchased a car in 2017 for $30,000. If the value of her car depreciates at a... (answered by Boreal)
how would you write the equation for the following problem: Joe buys a car for $3600... (answered by stanbon)
If a new car costs $18,000.00 and depreciates at a rate of 12% per year, what will be the (answered by stanbon)
The value of a new car purchased for $78,000 depreciates at a rate of 15% in the first... (answered by josgarithmetic)