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Can somebody explain how to use a graphing calculator to do this problem? Here's the story problem...the annual depreciation rate r of a car had an original cost of C dollars, a useful life of n years, and a trade-in value of T dollars. Find the annual depreciation rate of a car that cost $22,000 and was sold 5 years later for 9,000. Give the result to the nearest percent. Formula for problem below...
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working on putting it up..equation editor takes a while..
equation editor is not working....may have to give up on this problem..
the formula is r = 1 - (T/C)^2...with the square root symbol for the ^2 you know..and the (T/C)^2 is to the nth root..with an n on the outside you know..
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