Question

Your car is worth $20,000 but it depreciates at a rate of

12% each year.
Write an equation showing how much your car is worth
each year.
A)f(x) = 20,000 - 12x
B)f(x) = 20,000 - 1.12*
C)f(x) = 20,000 -12%
D)f(x) = 20,000 - 0.88%

Answer 1

D

Explanation:

since the car value is decreasing by 12% each year, just take the original amount and multiply by 88% to get the value of the car for the next year, so on and so forth