SOLUTION: The value ($V) of a car after n years is given by {{{V=V1 (1-R)^N}}} where {{{V1}}} is the initial value of the car and R is the annual percentage rate of depreciation. A car bough
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-> SOLUTION: The value ($V) of a car after n years is given by {{{V=V1 (1-R)^N}}} where {{{V1}}} is the initial value of the car and R is the annual percentage rate of depreciation. A car bough
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Question 1114753: The value ($V) of a car after n years is given by where is the initial value of the car and R is the annual percentage rate of depreciation. A car bought 3 years ago for $15000 was sold for $9000. Calculate the annual rate of depreciation of this car, giving your answer to the nearest whole form. Answer by Fombitz(32388) (Show Source):
