A car has an initial value of $20,000. The value then "depreciates" or decreases by 10% of its initial value each year. Which equation below gives the value of the car, v, after y years?
A) v = 0.10y + 2,000
B) v = 0.10y - 2,000
C) v=2,000y-20,000
D) v=-2,000y+20,000
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Home » Mathematics » A car has an initial value of $20,000. The value then "depreciates" or decreases by 10% of its initial value each year. Which equation below gives the value of the car, v, after y years? A) v = 0.10y + 2,000 B) v = 0.