Questions


September 2022 1 1 Report
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?

A. V = 24,500(0.045)⁵
B. V = 24,500(0.55)⁵
C. v = 24,500(1.045)⁵
D. V = 24,500(0.955)⁵

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