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The price of a car was $20,000 in 2014, $16,000 in 2015 and $12,800 in 2016. What is the rate of depreciation of the price of car per year?

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The price of a car was $20,000 in 2014, $16,000 in 2015 and $12,800 in 2016. What is the rate of depreciation of the price of car per year?






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