A car was valued at $37,000 in the year 1994. The value depreciated to $11,000 by the year 2000.

What was the annual rate of change between 1994 and 2000?

r=Round the rate of decrease to 4 decimal places.

What is the correct answer to part A written in percentage form?

r= %.

Assume that the car value continues to drop by the same percentage. What will the value be in the year 2005 ?

value = $

Round to the nearest 50 dollars.