Find the annual rate of depreciation (also known as the decay rate) for a car that loses 34% of its value over a three year period.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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12. Find the annual rate of depreciation (also known as the decay rate) for a car that loses
34% of its value over a three year period.
Transcribed Image Text:12. Find the annual rate of depreciation (also known as the decay rate) for a car that loses 34% of its value over a three year period.
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