Gary learned that the value of his car depreciates by 15% of its initial purchase value each year. If the initial purchase value of Gary's car is m dollars, which of the following functions best describes the value of his car one year after purchase?Choose 1 answer:(A) f(m)=0.15m(B) f(m)=0.85m(c) f(m)=1−0.15m(D) f(m)=1−0.85m
Q. Gary learned that the value of his car depreciates by 15% of its initial purchase value each year. If the initial purchase value of Gary's car is m dollars, which of the following functions best describes the value of his car one year after purchase?Choose 1 answer:(A) f(m)=0.15m(B) f(m)=0.85m(c) f(m)=1−0.15m(D) f(m)=1−0.85m
Understand the depreciation rate: Understand the depreciation rate.Gary's car loses 15% of its value each year. This means it retains 85% of its value each year.
Express retained value function: Express the retained value as a function of the initial value.If the initial value is m dollars, after one year, the car's value is 85% of m, which is 0.85m.
Match function with options: Match the function with the given options.The function that matches 0.85m from the options is:(B) f(m)=0.85m
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