Question

Amber buys a car fro 17,500. the car depreciates (loses value) 8% each year. Which function shows y, the value of the car (in dollars) in t years?

F. y=17,500(0.08)^t
G. y=17,500(0.8)^t
H. y=17,500(0.92)^t
J. y=17,500(1.08)^t

Answer 1

The answer for this problem is F. You have to move the decimal two places to the right to make it into a percent.