SAT Math Practice Question #36119 - SATify | SATify
#36119
formulas
equations
algebra
medium
90 sec
The value V of an asset after a certain period is given by the formula V=P−kP(1−r), where P is the initial price, r is the depreciation rate (as a decimal), and k is a constant. If V=1800, P=2000, and k=5, what is the depreciation rate r?
• Up to 5 characters (6 if negative). Only numbers, decimal (.), fraction (/), negative (-). • Fractions must be in lowest terms. • Mixed numbers must be converted to improper fractions.