A new car originally sold for 16,200. Seven years later it is sold for 2,950. What was the car's ...

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?

Q. 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?

Q. 3

The purchase price of a new van was 22,980. The sales tax rate in the state was 5.5, and registration fees came to 133. There was also a 1,500 manufacturer's rebate on the van. If the customer put a down payment of 2,200 toward the purchase, what was the delivered price? What was the balance due on the purchase?

Q. 4

Melanie Kramer bought a used car for 7,465. She paid for the car with an 800 down payment and 36 monthly payments of 268.47. What total amount did Melanie pay for the car? What was the finance charge on the loan?

Q. 5

A 17,500 truck is estimated to have a value of 7,200 after 4 years. What is the truck's estimated average annual depreciation?

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A new car originally sold for 16,200. Seven years later it is sold for 2,950. What was the car's ...

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