A car was valued at $35,000 in the year 1995. The value depreciated to $10,000 by the year 2008.

A) What was the annual rate of change between 1995 and 2008?
r
=
Incorrect Round the rate of decrease to 4 decimal places.

B) What is the correct answer to part A written in percentage form?
r
=
Incorrect %.

C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2011 ?
value = $
Incorrect Round to the nearest 50 dollars.