Math Problem Statement

A car originally cost $18,200 and was sold for $9,600 4 years later number one total appreciation equals number two average annual depreciation equals number three rate of depreciation equals

Solution

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Math Problem Analysis

Mathematical Concepts

Depreciation
Rate of Change
Basic Arithmetic

Formulas

Total Depreciation = Original Price - Sale Price
Average Annual Depreciation = Total Depreciation / Number of Years
Rate of Depreciation = (Total Depreciation / Original Price) * 100

Theorems

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Suitable Grade Level

Grades 6-8