A car's value depreciates from $20,000 to $15,000 over 5 years. The rate of depreciation per year is _______ dollars per year.
Answer & Analysis
Analysis
Question Analysis
This question tests the student's ability to calculate the rate of change in a real-world context. The car's value decreases from 15,000 over 5 years.
Key Concept Explanation
The rate of change is a measure of how much one quantity changes in relation to another. Here, the car's value is the dependent variable, and time is the independent variable.
Step-by-step Solution
1. Identify the change in value: dollars
2. Identify the change in time: 5 years; the value is depreciated, so the change is dollars.
3. Calculate the rate of change:
Want More Practice Questions?
Access thousands of practice questions with detailed explanations on Scholardog.