Question

16. A car's value is declining continuously. The car is currently 3 years old and has a

value of S18000. The car sold for $26,000 brand new. What is the rate of depreciation?

Answer 1

I believe your answer is 2666.67

Explanation:

26,000-18,000=8,000

8,000/3=2666.6667

I hope this helped :D