The following function represents the value of a car, in dollars, after x years:
f(x) = 24,000(0.92)power of x
what does 0.92 represent?
a. the present value of the car
b. the value of the car after x years
c. the decrease in the value of the car, which is 92%
d. the decrease in the value of the car, which is 8%

Option D.The decrease in the value of the car, which is 8%

Step-by-step explanation:

we have a exponential function of the form

where

y is the value of the car

x is the time in years

a is the initial value

b is the base

r is the rate of decrease

b=1+r

In this problem we have

a=$24,000 initial value of the car

b=0.92

so

0.92=1+r

r=0.92-1=-0.08=-8%-----> is negative because is a rate of decrease

answer: it's a

step-by-step explanation: