The purchase price of a new car is $21,500. The car will lose 12% of its value each year. Let V(t) represent the value of the car and represent time. Which function models this situation?

Question

y = a * (1 plus/minus r)'

y = omega * (1 + r/n) ^ alpha

y =00^ prime prime

A. V(t) = t * (21.5 - 1) ^ 0.12

B.V(t) = 21, 500 * (1 - t) ^ 0.12

C.V(t) = 21500 * (1 - 0.12)'

D.V(t) = 21500 * (t - 1) ^ 0.12

Answer 1

The correct answer is B. V(t) = 21,500 * (1 - t) ^ 0.12