document.write( "Question 135163: A silver coin was purchased for $430 in 1985.The market value for silver declined to the point that in 2007 the coin was worth $200. What was the average annual rate of depreciation of the silver coin? \n" ); document.write( "
Algebra.Com's Answer #99012 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! A silver coin was purchased for $430 in 1985.The market value for silver declined to the point that in 2007 the coin was worth $200. What was the average annual rate of depreciation of the silver coin? \n" ); document.write( "------------------- \n" ); document.write( "(200-430)/(2007-1985) = -230/22 = -$10.4545 per year \n" ); document.write( "====================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |