(12/35)^(1/11) = 0.9072
see what you can do with that ...
A car was valued at $35,000 in the year 1995. The value depreciated to $12,000 by the year 2006.
A)What was the annual rate of change between 1995 and 2006? (Round to 4 decimal places)
B) What is the correct answer to part A written in percentage form?
C)Assume that the car value continues to drop by the same percentage. What will the value be in the year 2011?
Please help ASAP and explain step by step the 3 questions!!! :(
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