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Option (3)

Step-by-step explanation:

Value of a car with a depreciation rate 'r' after time 't' is given by the formula,

v(t) =

Here, v(t) = Final value

= Initial value

r = rate of depreciation

From the given function,

v(t) =

v(t) =

     =

Now we compare this expression with the formula of depreciation.

= 24893

r = 12%

Therefore, Option (3) will be the answer.

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Step-by-step explanation:

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