Resale Value

The estimated resale value R (in dollars) of a company car after t years is given by

R(t) = 17,968 (0.772).

What is the rate of depreciation (in dollars per year) after 2 years? Round to the nearest cent.

The car is depreciating at $

per year.

NOTE: The rate of depreciation is |R' (t)|. Your answer should be positive.