SOLUTION: The value of a car dropped from $37,000 to $34,300 over the last year. Determine the absolute and relative change in this sitation. Absolute Change: This car's value decreased b

Question 1195606: The value of a car dropped from $37,000 to $34,300 over the last year. Determine the absolute and relative change in this sitation.
Absolute Change: This car's value decreased by $
last year.
Round your answer to the nearest dollar.
Relative Change: This car's value decreased by
% last year.
Round your answer to the nearest tenth of a percent.
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
It decreased by $2700 last year, nothing fancy, subtract
The relative change is decrease (2700) divided by the original amount, (37000)
and that is 7.3%

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