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A car was valued at $42,000 in the year 1990. The value depreciated to $15,000 by...

A car was valued at $42,000 in the year 1990. The value depreciated to $15,000 by the year 2002.

A) What was the annual rate of change between 1990 and 2002? Round the rate of decrease to 4 decimal places.

B) What is the correct answer to part A written in percentage form?
C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2005 ?Round to the nearest 50 dollars.

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