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    Oppelt's Avatar
    Oppelt Posts: 1, Reputation: 1
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    #1

    May 30, 2007, 08:14 PM
    Depreciation
    Joe bought a car for $12,000. In 5 years it will be worth only $7,000. What is the rate of depreciation for the car?
    Capuchin's Avatar
    Capuchin Posts: 5,255, Reputation: 656
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    #2

    May 30, 2007, 11:32 PM


    Find x. I think you're looking for 1-x for your answer. This is percent depreciation per year.
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