# The price of a car was $$\40,000$$ in 2011, $$\35,000$$ in 2012 and $$\30,000$$ in 2013. What is the rate of depreciation of the price of car?

(A) 12.5 %

Explanation

Since the price is decreasing by $$\5000$$ every year, so 5000/40000 = 0.125 or 12.5%