One 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 car’s value 1 year later?
A.0.08V
B.0.92V
C.1.08V
D.V − 0.08
One 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 car’s value 1 year later?
A.0.08V
B.0.92V
C.1.08V
D.V − 0.08