SOLUTION: If a vehicle depreciates at 40%, what is the growth factor

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Question 1156433: If a vehicle depreciates at 40%, what is the growth factor
Answer by ikleyn(52814) About Me  (Show Source):
You can put this solution on YOUR website!
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The price decreases, so it would be strange to use the term "the growth factor".


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comment from student :   That’s probably an error my teacher made.  I guess it means depreciation factor
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My response :   The depreciation factor in this case is   1 - 0.4 = 0.6.     ANSWER