A car was valued at $27,000 in the year 1995. The value depreciated to $13,000 by the year 2000.

Question

A car was valued at $27,000 in the year 1995. The value depreciated to $13,000 by the year 2000. A) What was the annual rate of change between 1995 and 2000? T = Round the rate of decrease to 4 decimal places. B) What is the correct answer to part A written in percentage form? T = %. C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2005 ? value = $ Round to the nearest 50 dollars.

Can someone please help me with this problem keep getting it wrong please and thank you

Answer 1

Start with two-point form

(y - 27000) / (x - 1995) = (13000 - 27000) / (2000 - 1995)

Put into slope intercept form. m is the rate of decrease.