1) THE VALUE OF NEW CAR IS $ 300 000 AND ITS VALUE IS $180 000 AFTER TWO EARS. IT IS KNOWN THAT THE ANNUAL DEPRECATION RATE DECREASE GRADUALLY IF THE DIFFERENCE OF THE DEPRECATION RATE OF THE FIRST TWO YEARS IS 5% FIND THE DEPRECIATION RATE OF THE FIRST YEAR.
2) A BANK OFFER A LARGE SUM FIXED DEPOSIT PLAN OF ONE-YEAR PERIOD. THE INTEREST IS CALCULATED AND COMPOUNDED HALF-YEARLY. THE ANUUAL INTEREST RATE OF EACH 6-MONTH PERIOD INCREASE GRADUALLY.MOREWVER. THE DIFFERENCE OF THE ANUUAL INTEREST RATE OF TWO CONSECUTIVE 6 -MONTH PERIOD IS 1%. MISS WONG JOINS THE PLAN BY INVESTING $ 1 000 000. SHE RECEIVES AN AMOUNT OF 1 035 300 AFTER ONE YEAR. FIND THE ANUUAL INTEREST RATE OF THE FIRST HALF YEAR.