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
(0.9)8x
B
(1.1)8x
C
(0.92)10x
D
(1.08)10x
E
x - (0.8)10
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