3 You buy a new car for $50,000. The value of the car was calculated five years later. If the car
was valued at $25,000. What is the rate of depreciation for the car? Round answer to the
nearest hundredth. * S
(5 Points)
Formulas:
4 = P(1+3)
A=Pe
y = a(1+r)'
y=a(1-r)
86.14
50.51
0 27.33
12.94

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