You purchased a used car for $16,000. The value of the car depreciates by 15% per year after purchase. Write an equation to represent the value of the car, V, after t years.(1 point)
Responses
V=16000(0.15)t
cap v is equal to 16000 times 0 point 1 5 to the t th power
V=16000(1.15)t
cap v is equal to 16000 times 1 point 1 5 to the t th power
V=16000(0.85)t
cap v is equal to 16000 times 0 point 8 5 to the t th power
V=160000.15t