SAT Math Practice Question #14058 - SATify | SATify

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SAT Math Practice Question #14058 - SATify | SATify

#14058

exponential

applications

medium

75 sec

The value of a new car is $25,000. If the car's value depreciates by $15%$ each year, which equation represents the value of the car, $V$ , $t$ years after it was new?

A.

$V = 25, 000 (1.15)^{t}$

B.

$V = 25, 000 (0.15)^{t}$

C.

$V = 25, 000 (0.85)^{t}$

D.

$V = 25, 000 - 0.15 t$