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23 April, 23:25

The value of a new car is expected to decrease by 17% each year. Use the exponential decay model to determine the equivalent quarterly rate. Enter the rate, to the nearest tenth of a percent, in the box.

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  1. 23 April, 23:33
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    = 4.3 % to the nearest tenth
  2. 23 April, 23:48
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    This will be a quarter of the annual rate

    = 17 / 4

    = 4 1/4 %

    = 4.3 % to the nearest tenth
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