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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 depreciation, as a percent?

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opudodennis

Answer:

19%

Step-by-step explanation:

Value depreciation=$130000-$105300=$24700

Percentage depreciation=[tex]\frac {24700\times 100}{130000}=19%[/tex]

Therefore, the value of depreciation expressed as a percentage of the original value is 19%

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