Question

If a new car is valued at $18,200 and 7 years later it is valued at $7,000, then what is the average rate of change of its value during those 7 years

Answer 1

1.6k

Explanation:

To find the average rate of change of the value of the car during the 7 years, we need to calculate the total change in value and divide it by the number of years.

The total change in value is the difference between the initial value and the final value:

$18,200 - $7,000 = $11,200

The number of years is 7.

Therefore, the average rate of change of the value of the car during those 7 years is:

$11,200 / 7 years = $1,600 per year

So the car's value decreased by an average of $1,600 per year over the 7-year period.