Alice purchased a car for $24,000. The value of the car depreciates at a rate of 5.5% each year
Which function equation represents the value of the car after t years?



A. f(t)=24,000(0.055)t
B. f(t)=24,000(1.055)t
C. f(t)=24,000(5.5)t
D. f(t)=24,000(0.945)t