A new car is purchased for 28,600 dollars. The value of the car depreciates at a rate of 9.1% per year. Which equation represents the value of the car after 2 years?
Answer
Multiple Choice Answers
V, equals, 28, comma, 600, left bracket, 0, point, 9, 0, 9, right bracket, left bracket, 0, point, 9, 0, 9, right bracketV=28,600(0.909)(0.909)
V, equals, 28, comma, 600, left bracket, 0, point, 0, 9, 1, right bracket, squaredV=28,600(0.091)
2
V, equals, 28, comma, 600, left bracket, 1, minus, 0, point, 0, 9, 1, right bracketV=28,600(1−0.091)
V, equals, 28, comma, 600, left bracket, 1, point, 0, 9, 1, right bracket, squaredV=28,600(1.091)
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