question a new car is purchased for 27,000 do...
question a new car is purchased for 27,000 dollars. the value of the car depreciates at a rate of 6% per year. which equation represents the value of the car after 3 years? answer o v = 27,000(1.06)^3 o v = 27,000(1 + 0.06)^3 o v = 27,000(0.94)^3 o v = 27,000(1 - 0.06)(1 - 0.06)
Answer
# Explanation:
## Step1: Recall depreciation formula
The formula for depreciation is $V = P(1 - r)^t$, where $P$ is the initial - value, $r$ is the rate of depreciation, and $t$ is the number of years.
## Step2: Identify the values
Here, $P = 27000$, $r=0.06$, and $t = 3$.
## Step3: Substitute the values into the formula
Substituting the values into the formula, we get $V=27000(1 - 0.06)^3=27000(0.94)^3$.
# Answer:
C. $V = 27,000(0.94)^3$