A car’s value depreciates at a rate of 3.4% per year. The car was worth $30,000 when it was new.Which equation could be used to

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A car’s value depreciates at a rate of 3.4% per year. The car was worth $30,000 when it was new. Which equation could be used to determine when the car will be worth $18,500, where x is time in years?

A. 18500 = 30000 (0.034)^x
B. 18500 = 30000(0.966)^x
C. 30000 = 18500(0.34)^x
D. 30000 = 18500 (0.966)^x

Mathematics

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