Flora's Flowers bought a new van last year for $10,000.It can now sell the van for $8,500.To buy this year's model of the same van it would have to pay $11,000.What is the implicit rental rate using the car for one year at a zero percent interest rate?
A)$2,500
B)$3,500
C)$1,000
D)$10,000
E)$1,500

Question

Quizplus · Accepted Answer

The Answer of Flora's Flowers bought a new van last year for $10,000.It can now sell the van for $8,500.To buy this year's model of the same van it would have to pay $11,000.What is the implicit rental rate using the car for one year at a zero percent interest rate?
A)$2,500
B)$3,500
C)$1,000
D)$10,000
E)$1,500

Flora's Flowers Bought a New Van Last Year for $10,000