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A school purchases a used van that costs $10,000. The value, V(t), in dollars, of the van t years since its purchase is modeled by the exponential function V(t)=10,000(0.8)^t . Select ALL statements that are true regarding the value of the van. a. The value of the van decreases by 20% each year since its purchase. b. The value of the van decreases by 80% each year since its purchase. c. The value of the van decreases by $2,000 each year since its purchase. d. Each year since its purchase, the value of the van is 80% of the value of the previous year. e. Each year since its purchase, the value of the van is 0.8 times the value of the previous year.
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A school purchases a used van that costs $10,000. The value, V(t), in dollars, of the van t years si...
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