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Exponential Depreciation

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Questions and Answers

Based on the given information, what is the annual depreciation rate of Nina's car?

7% (correct)

If Nina bought the car when it was 6 years old for $12,000, how old is the car now?

7 years

8 years

9 years (correct)

6 years

What was the current value of the car when Nina bought it for $12,000?

$11,000

$9,000

$12,000

$10,000 (correct)

Exponential Depreciation

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Questions and Answers

Based on the given information, what is the annual depreciation rate of Nina's car?

If Nina bought the car when it was 6 years old for $12,000, how old is the car now?

What was the current value of the car when Nina bought it for $12,000?

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