Question

### Gauthmathier5509

Grade 12 · 2020-09-22

A car loses its value at a rate of 4.5\% annually. If a car is purchased for $24,500, which equation can be used to determine the value of the car, V, after 5 years? （ ）

Good Question (324)

Answer

4.7(201) votes

### Gauthmathier3272

Grade 12 · 2020-09-22

Answer

D

Explanation

Since the growth factor is 1 - 4.5\%= 1- 0.045 = 0.955, V= 24,500(0.955)^5.

The correct choice is (D).

The correct choice is (D).

Thanks (434)

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