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A financial survey estimated that, on average, the retail value of a mid-sized car decreases 8% annually. If the value of a mid-sized car in a particular year is $15,600, which equation represents its value (V) after n years?

AV= 15,600(1.08)^n
BV= 15,600(0.92)^n
CV= 15.600(0.08)^n
DV= 15,600(0.05)^n

Verified Answer :

melhunt99
Cv=15,600(.08)^n. It's the only one with both numbers in it :)

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