A new car is purchased for 23,700 dollars. The value of the car depreciates at a rate of 2% per year. Which equation represents the value of the car after 2 years?V=23,700(1−0.02)2V=23,700(1+0.02)2V=23,700(0.8)2V=23,700(1.02)2 Get tutor helpA new car is purchased for 29,900 dollars. The value of the car depreciates at a rate of 2.7% per year. Which equation represents the value of the car after 4 years?V=29,900(1−0.027)(1−0.027)(1−0.027)V=29,900(0.973)4V=29,900(1.027)4V=29,900(1+0.027)4 Get tutor help