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
Ask a new question for Free
By Image
Drop file here or Click Here to upload
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
-
Suitable Grade Level
Grades 6-8
Related Recommendation
Car Depreciation Calculation: Value of a $22400 Car After 9 Years at 6.75% Depreciation
Car Depreciation Calculation: Value After 9 Years with 6.75% Depreciation Rate
Car Depreciation Calculation: 11.75% Rate Over 11 Years
Calculate Car Depreciation: How Long Until Less Than Half Price?
Calculating Car Depreciation: How Much Will a $23,642 Car Be Worth After 14 Years?