Name: SAT Math Help & School Math Mastery
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#35993

applications

functions

exponential

medium

60 sec

The value of a new car depreciates by $12%$ each year. If the purchase price of the car was $30, 000$ , which of the following equations can be used to model the value, $V$ , of the car after $t$ years?

A.

$V = 30, 000 (0.12)^{t}$

B.

$V = 30, 000 (1.12)^{t}$

C.

$V = 30, 000 (0.88)^{t}$

D.

$V = 30, 000 - 0.12 t$