Question

A new car is purchased for 27,500 dollars. The value of the car depreciates at a rate of 9% per year. Which equation represents the value of the car after 2 years?
Answer
Multiple Choice Answers
V, equals, 27, comma, 500, left bracket, 0, point, 9, 1, right bracket, squaredV=27,500(0.91)
2

V, equals, 27, comma, 500, left bracket, 1, point, 0, 9, right bracket, squaredV=27,500(1.09)
2

V, equals, 27, comma, 500, left bracket, 1, plus, 0, point, 0, 9, right bracket, squaredV=27,500(1+0.09)
2

V, equals, 27, comma, 500, left bracket, 1, minus, 0, point, 9, right bracket, squaredV=27,500(1−0.9)
2

Answer 1

The correct equation representing the value of the car after 2 years is:

V = 27,500 × (1 - 0.09)²