2. Which sentence uses the correct version of the homophone its?
Its all about the money.
Next we took it’s temperature.
She carried the purse by its strap.
You need to know when its time to leave.

A) $23,000 − $500y

Step-by-step explanation:

Given,

The current value of the car = $ 23,000

∵ Car is driven an average of 10,000 miles per year.

So, the number of miles it has been driven in y years = 10,000y

Also, the value of a car decreases $500 for every 1,000 miles it is driven,

i.e., for 1000 miles, decrement in price = $ 500

⇒ For 1000y miles, decrement in price = 500y dollars,

⇒ For y years, decrement in price = 500y dollars

Hence, the final value of car after y years = current value of car - total derment in price

= $ 23000 - $ 500y

Option 'A' is correct.