Mathematics

2 December, 19:03

The value of a car in each of its first 3 years is: $24,000, $18,000, $13,500. These amounts form a sequence. Which of the following statements best describe this sequence?

Geometric with a common ratio of approximately 1.33

Geometric with a common ratio of 0.75

Arithmetic with a common difference of $6000

Neither arithmetic or geometric

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