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Sagot :

Answer:

Option (3)

Step-by-step explanation:

Value of a car with a depreciation rate 'r' after time 't' is given by the formula,

v(t) = [tex]v_0(1-\frac{r}{100})^t[/tex]

Here, v(t) = Final value

[tex]v_0[/tex] = Initial value

r = rate of depreciation

From the given function,

v(t) = [tex]24893(0.88)^t[/tex]

v(t) = [tex]24893(1-0.12)^t[/tex]

     = [tex]24893(1-\frac{12}{100})^t[/tex]

Now we compare this expression with the formula of depreciation.

[tex]v_0[/tex] = 24893

r = 12%

Therefore, Option (3) will be the answer.

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