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In Exercise, solve the given problems.A car costs $38,000 new and is worth $24,000 2 years...

In Exercise, solve the given problems.

A car costs $38,000 new and is worth $24,000 2 years later. The annual rate of depreciation is found by evaluating , where C is the cost and V is the value after 2 years. At what rate did the car depreciate? (100 and 1 are exact.)

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Solutions For Problems in Chapter 1.6

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