A new car originally sold for 16,200. Seven years later it is ...

[ssal]

A new car originally sold for 16,200. Seven years later it is sold for 2,950. What was the car's rate of depreciation, to the nearest tenth percent?

Question 2

Victor rents a home for 985 a month. He paid a security deposit of one month's rent when he signed the lease. His renters policy costs him 205 a year, and he expects his utilities to cost 124 a month on average. How much will it cost Victor to rent the house the first year?

[ergserg]

Answer to Question 1

11.7

Answer to Question 2

14,498

[ssal]

Excellent

[frankwu0507]

Thanks for the timely response, appreciate it