A car purchased for $25,000 depreciates annually at a rate

Last updated: 7/21/2022

A car purchased for $25,000 depreciates annually at a rate of 11%. The value of the car t years after its purchase is given by the expression 25,000(0.89). Which expression represents the quarterly depreciated value at the rate at which the car is depreciating? A. 25,000(0.89^4 )^4t B. 25,000(0.89^4)^1/4 t C. 25,000(0.89^1/4)^1/4 t D. 25,000(0.89^1/4)^4t