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18 August, 07:03

Solve the equation of exponential decay. Hugo sold his car after one year for $25,000. He bought it new for $29,400. What was the rate of depreciation?

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Answers (2)
  1. 18 August, 07:19
    0
    15%

    Step-by-step explanation:

    29,400-25,000 = 4,400

    4,400/29,400 = 0.14965

    0.14965 x 100 = 14.965%

    or round up to 15%
  2. 18 August, 10:07
    0
    He bought for: $29,400

    Sold for: $25,000

    Calculate the difference

    $29,400-$25,000

    =4,400

    Rate (%)

    = 4400/100

    44%
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