# Jason estimates that his car loses 12% of its value every year. The initial value is 12,000. Which best describes the graph of the function that represents the value of the car after X years ?

##### 1 Answer

Apr 26, 2018

The graph should describe exponential decay.

#### Explanation:

Every year, the car's value gets multiplied by 0.88, so the equation that gives the value,

graph{12000(0.88)^x [-5, 20, -5000, 15000]}