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The rate of decay of its value is 0.12
Here, we want to get the decay rate of the value of the car
To get the rate of decay, we look at the percentahe of depreciation
From the question, we can see that this is 12%
We proceed to express this in decimal form
Expressing this in decimal form, we have that;
[tex]12\text{ percent = }\frac{12}{100}\text{ = 0.12}[/tex]