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In 1996, a particular car was valued at $27 500 and its value decreased exponentially each year afterward. For each of the first 7 years,
In 1996, a particular car was valued at $27 500 and its value decreased exponentially each year afterward. For each of the first 7 years, the value of the car decreased by 24% of the previous year's value. If t is the number of years and v is the value of the car, then the equation for the car's value when t s 7 is Select one: O a. v = 27 500(1.24) O b. v= 27 500(1.76)' O C. v = 27 500(0.76)' O d. v= 27 500(0.24)
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