(Percent Rate of Change MC)A new car was purchased for $50,0…

(Percent Rate of Change MC)A new car was purchased for $50,000. The function v(t) = 50,000 ⋅ (0.75)t models the total value of the car, v(t), in dollars, after a given number of years, t. What is the percent rate of change, and how is it interpreted in the context of the problem?