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Mathematics, 18.10.2019 04:00 nnekas

Afinancial 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?
a) v= 15,600(1.08)^n
b) v= 15,600(0.92)^n
c) v= 15.600(0.08)^n
d) v= 15,600(0.05)^n

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