Answer only part c
A car was valued at $29,000 in the year 1991. The value depreciated to $14,000 by the year 2000.

A) What was the annual rate of change between 1991 and 2000?
r
= Correct Round the rate of decrease to 4 decimal places.

B) What is the correct answer to part A written in percentage form?
r
= Correct %.

C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2004 ?
value = $ Round to the nearest 50 dollars