document.write( "Question 57861This question is from textbook college algebra
\n" ); document.write( ": A Truck that cost $27,600 when new will have no salvage value after 12 years. Find the annual rate of depeciation.\r
\n" ); document.write( "\n" ); document.write( "Can anyone give me a hand with this one? Thanks
\n" ); document.write( "

Algebra.Com's Answer #39537 by funmath(2933)\"\" \"About 
You can put this solution on YOUR website!
A Truck that cost $27,600 when new will have no salvage value after 12 years. Find the annual rate of depeciation.\r
\n" ); document.write( "\n" ); document.write( "The rate of depreciation is:
\n" ); document.write( "r=(final worth-initial worth)/(final time-initial time)
\n" ); document.write( "It's the slope formula, if you know that one:
\n" ); document.write( "your final worth is:0
\n" ); document.write( "your initial worth is:$27,600
\n" ); document.write( "your final time is:12 yr
\n" ); document.write( "Your initial time is: 0
\n" ); document.write( "\"r=%280-27600%29%2F%2812-0%29\"
\n" ); document.write( "\"r=-27600%2F12\"
\n" ); document.write( "r=-$2,300 per year.
\n" ); document.write( "That means it goes down in value, $2,300 per year.
\n" ); document.write( "Happy Calculating!!!
\n" ); document.write( "
\n" );