select the correct answer.\none survey estimates that, on average, the retail value of a mid - sized car…

select the correct answer.\none 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 cars value 1 year later?\na. 0.08v\nb. 0.92v\nc. 1.08v\nd. v - 0.08

select the correct answer.\none 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 cars value 1 year later?\na. 0.08v\nb. 0.92v\nc. 1.08v\nd. v - 0.08

Answer

Explanation:

Step1: Calculate the remaining percentage

The car's value decreases by 8% annually. So the percentage of its value that remains after 1 year is 100% - 8% = 92% or 0.92 in decimal form.

Step2: Find the value after 1 year

If the current value is $V$ dollars, the value 1 year later is the current value multiplied by the remaining - percentage. So the value is $0.92V$.

Answer:

B. 0.92V