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OpenStudy (anonymous):
A vehicle was purchased for $45000 and sold for $28500 after 2 years and 3 months. Find its annual rate of depreciation. Answer: 18.4% problem- how do I get there?
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OpenStudy (divanshu):
see whats the loss in value $(45000-28500) divide this by the time in years that is (2+3/12) years ..you get loss per year then find the percent age
OpenStudy (anonymous):
16500/.5?
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