Dan's car depreciates at a rate of 15% per year. By what percentage has Dan's car depreciated after 3 years?
Give your answer to the nearest percent.

i'm sorry mate, but i am not seeing any figures. i am unable to solve this for you.

yes, gavin is right.

step-by-step explanation:

gavin is correct. 

this problem is about converting 9% per year to how many percent per quarter. the rate is still the same. it only differed in the time period. so, through dimensional analysis,

9% per year  × (1 year / 4 quarters) = 2.25% per quarter

if he was asked to convert 9% per year to how many percent per quarter  compounded quarterly, then you will not simply divide by four. this is because compounding is not linear.

hope this , have a good day. c;