Question

He bought a boat for 24000 in the year 2009. The value of the boat depreciated linearly. If the value of the boat in 2010 was 18500,what was the annual rate of change of the boats value?

Answer 1

-$5,500

Explanation:

The change in the one year from 2009 to 2010 was ...

18,500 -24,000 = -5,500

The annual rate of change in the boat's value was -$5,500.