Marc Bought a New Car Last Year for $10,000

Multiple Choice

Marc bought a new car last year for $10,000.He can now sell the car for $8,500.To buy this year's model of the same car he 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