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One survey estimates that, on average, the retail value of a mid-sized car decreases by 8% annually. If the retail value of a car is V dollars today, which expression represents the car’s value 1 year later?

A0.08V

B0.92V

C1.08V

DV − 0.08

Verified Answer :

TSO

The retail value of a car is V dollars today, and it decreases by 8% a year.

100% - 8% = 92%

That means 1 year later, the value of the car is 92% * V

92% = 92/100 = 0.92

The value of the car one year later is 0.92V.

Your answer is B. 0.92V

Answer:

B. 0.92V

Step-by-step explanation:

Hope this helps, have a great day!!

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