Mark buys a used car for $12,000. The value of the car depreciates 10% per year from the time he bought the car. The value of Mark's car, V(t), can be represented by which of the following functions? V(t) = –0.90t + 12,000 V(t) = –0.10t + 12,000 V(t) = 12,000(0.10)t V(t) = 12,000(0.90)t

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sangwoooo

College

Mark buys a used car for $12,000. The value of the car depreciates 10% per year from the time he bought the car.
The value of Mark's car, V(t), can be represented by which of the following functions?
V(t) = –0.90t + 12,000
V(t) = –0.10t + 12,000
V(t) = 12,000(0.10)t
V(t) = 12,000(0.90)t

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(Based on todays review)

sreedevi102

Answer:
option D
Step-by-step explanation:
r = 10% = 0.10
$v(t) = P (1 - r)^t\\\\V(t) = 12000(1 - 0.10)^t\\\\V(t) = 12000\times (0.9)^t$
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