SOLUTION: A company set aside a certain amount of money in the year 2000. The company spent exactly the same amount from that fund each year on perks for its employees. In 2002, there was st

Question 1188754: A company set aside a certain amount of money in the year 2000. The company spent exactly the same amount from that fund each year on perks for its employees. In 2002, there was still $819,000 left in the fund. In 2006, there was $739,000 left. What is the rate (in dollars per year) at which this company is spending from this fund?
Answer by ikleyn(52786) (Show Source): You can put this solution on YOUR website!
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To find the rate, take the difference of money and divide it by 2006 - 2002 = 4 years.

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