Question

A new car cost $28,950. It loses 15% of its value each year.

The formula V (t) = 28,950(1-0.15)' models this situation.
What does V (t) represent?

Answer 1

i believe V(t) represents Value multiplied by time. value being how much it is worth, and time being how many years old it is. The higher the years, the lower the value

i’m not entirely sure of this answer but i think it’s right