Question

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

Answer 1

The retail value of a car is V dollars today, and it decreases by 8% a year.

100% - 8% = 92%

That means 1 year later, the value of the car is 92% * V

92% = 92/100 = 0.92

The value of the car one year later is 0.92V.

Your answer is B. 0.92V

Answer 2

Answer:

B. 0.92V

Step-by-step explanation:

that is the answer