Which equation represents this situation? A car was purchased in 2015 at a cost of $16,000. Its value depreciating at a rate of

Question

Which equation represents this situation? A car was purchased in 2015 at a cost of $16,000. Its value depreciating at a rate of 18% per year.
f(x) = 16,000 (18)*
f(x) = 16,000 (0.18)*
f(x) = 16,000 (1.18)*
f(x) = 16,000 (0.82)*

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