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Amber buys a car for $17,500. The car depreciates (loses value) 8% each year. Which function shows y, the value of the car (in dollars) in t years?

Amber buys a car for $17,500. The car depreciates (loses value) 8% each year. Which function shows y, the value of the car (in dollars) in t years?
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Amber buys a car for $17,500. The car depreciates (loses value) 8% each year. Which function shows y, the value of the car (in dollars) in t years?

User ShankarSangoli
by
7.6k points

1 Answer

3 votes
Y (t)=17500 (1-0.08)^t
Y (t)=17500 (0.92)^t
User Nadavwr
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8.4k points
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