Trevor purchases a car. The value of the car is modeled by the function y=22000(0.86)t. Which statement below best describes the value the base 0.86?
Group of answer choices
The car Trevor purchased depreciates at a rate of 14%.
The car that Trevor purchased appreciates at a rate of 14%.
The car that Trevor purchased appreciates at a rate of 86%.
The car Trevor purchased depreciates at a rate of 86%.
The statement below best describes the value the base 0.86 is that "the car Trevor purchased depreciates at a rate of 86%".
It should be noted thàt depreciation occurs when we buy an equipment or machine and use it. With time, due to wear and tear or usage, the value reduces.
The value of the car will not appreciate but rather depreciate. Therefore, the correct option is "the car Trevor purchased depreciates at a rate of 86%".
