A car was valued at $37,000 in the year 1993. The value depreciated to $12,000 by the year 2002. A) What was the annual rate of change between 1993 and 2002? T = Round the rate of decrease to 4 decimal places. B) What is the correct answer to part A written in percentage form? T = %. C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2006 ? value = $ Round to the nearest 50 dollars. Question Help: Video