Question

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?
OV 28, 600(0.909) (0.909) Submit Answer
OV=28, 600(0.091)²
OV=28, 600(1 - 0.091)
OV=28, 600(1.091)²

Answer 1

Answer: V = 28,600(0.909)^2

Step-by-step explanation: This is because the value of the car depreciates at a rate of 9.1% per year, which means that the value after the first year will be 0.909 times the original value, and the value after the second year will be 0.909 times the value after the first year. Therefore, we need to multiply the original value of the car by (0.909)^2 to find the value after 2 years.