Exponential Depreciation of Car Value
The value of a car depreciates by 8% each year. If the initial purchase price of a new car is x dollars, what will its value be after 10 years?
A
(1.1)8x
B
(0.92)10x
C
(1.08)10x
D
(0.9)8x
E
x - (0.8)10
(1.1)8x
(0.92)10x
(1.08)10x
(0.9)8x
x - (0.8)10