Which function gives the values of the car after t years?

The selling price of a car is $15,000. Each year, it loses 12% of its value. Which function gives the value of the car t years after its purchase? Select the correct answer below: O f(t) = 15,000(0.12) O f(t) = 15,000(1.12)* O f(t) = 15,000(1.88) O f(t) = 15,000(0.88) O f(t) = 15,000 - (0.12)