Daniel potter bought a new car for $20,000.00. two years later, he wanted to sell it. he was offered $14,650.00 for it. if he sold it for that amount, what was his depreciation rate?

First compute the different of the price like this:
 $20,000.00-$14,650.00=5350$
Then divide like this:

Now compute the percentage like this:

In order to compute the rate, divide by the number of years we get:

The rate of depreciation is .