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  3. the value of a new car depreciates at a rate of 8%

The value of a new car depreciates at a rate of 8% per year. Write...

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Algebra

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The value of a new car depreciates at a rate of 8% per year. Write an equation to represent the approximate value, V, of a car purchased for $42 000, after n years.a) $42 000(0.92)^-nb) $42 000(1.08)^nc) $42 000(0.92)^nd) $42 000(1.08)^-n

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