Question

After a new $28,000 car is driven off the lot, it begins to depreciate at a rate of 18.9% annually.

Answer 1

Answer:

2

Step-by-step explanation:

We get 0.811 as our depreciating value because we take 18.9% and turn it into a decimal. Then, we subtract that from 1. If we did 0.189 instead, it would depreciate at a rate of 81.1% annually.