Question

A car cost $20,000 when it was purchased. The value of the car decreases by 8% each year. Find the rate of decay each month and select the correct answer below

Answer 1

So yearly decay is *0.92^x (when x=year), per month would just be a 12th of that

Answer 2

\[P=20000\times 0.92^{\frac{ m }{ 12 }}\]

Answer 3

The decay depends on the current price not the original

Answer 4

im confused

Answer 5

−0.006924%
−0.006667%
−0.666667%
−0.6924%

Answer 6

those are the answer choices

Answer 7

Its B then :/ now im confused

Answer 8

oh wait its A

Answer 9

\[1-(0.92^{\frac{ 1 }{ 12 }})\]

Answer 10

=0.006924

Answer 11

ohok i get it now. thank you