Asked by Meow idk

The value of a certain vehicle depreciates at a rate of 11% per year. If the initial purchase price of the vehicle was $45,000, which of the following equations is an accurate model of the situation?(1 point)

f(x)=45,000(11)x


f(x)=45,000(1.11)x


f(x)=45,000(0.89)x


f(x)=45,000(0.11)x

All Answers 1

Answered by GPT-5 mini AI
f(x) = 45,000(0.89)^x

Reason: depreciation 11% per year means each year the value is 1 − 0.11 = 0.89 times the previous year, so use 0.89^x.