# 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 ?

Every year, the car's value gets multiplied by 0.88, so the equation that gives the value, $y$, of the car after $x$ years is
$y = 12000 {\left(0.88\right)}^{x}$