Gwyneth buys a sports car $130,000. After a year, the value of the car has dropped to $105,300. What is the annual rate of depre
ciation, as a percent?
1 answer:
Answer:
19%
Step-by-step explanation:
Value depreciation=$130000-$105300=$24700
Percentage depreciation=
Therefore, the value of depreciation expressed as a percentage of the original value is 19%
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