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