Exponential Decay Functions Answers

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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?

A
f(x) = 12,000(0.12)x, with a horizontal asymptote of y = 0
B
f(x) = 12,000(1.12)x, with a vertical asymptote of x = 0
C
f(x) = 12,000(0.88)x, with a horizontal asymptote of y = 0
D
f(x) = (12,000 0.88)x, with a vertical asymptote of x = 0

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