PLEASE Dan's car depreciates at a rate of 12% per year.
By what percentage has Dan's car depreciated after 6 years?
Give your answer to the nearest percent.

Dan's car depreciated by 54% after 6 years.

Step-by-step explanation:

Price of a depreciating asset:

The price of a depreciating asset after t years is given by:

In which P(0) is the initial price and r is the decrease rate, as a decimal.

Dan's car depreciates at a rate of 12% per year.

This means that , so

By what percentage has Dan's car depreciated after 6 years?

Relative to the initial value, the value after 6 years is given by:

The value after 6 years if 0.44 of the initial value, that is, there was a depreciation of 100 - 46 = 54%.

Dan's car depreciated by 54% after 6 years.

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the correct answer is a.) bc< mn 5 stars if this you : )

step-by-step explanation: