Answer:
A. 25,000 (1 minus 0.15) Superscript 5, or approximately $11,093
Step-by-step explanation:
A. 25,000 (1 minus 0.15) Superscript 5, or approximately $11,093
B. 25,000 minus 1500 (5), or approximately $17,500
C. 25,000 (0.15) Superscript 5, or approximately $18,984
D. 25,000 minus left-bracket (100 minus 15) (5) Right-bracket, or approximately $24,575
Value of the car = $25,000
Percentage decrease per year = 15%
Value after 5 years
Total percentage value of the car = 100%
Percentage value remaining each year = (100% - 15%)
= (1 - 0.15)
Decrease of the car in the next 5 years = $25,000(1 - 0.15)^5
= $25,000(0.85)^5
= $25,000(0.4437053125)
= $11,092.6328125
Approximately = $11.093
Value of the car in the next 5 years = $25,000 - $11,093
= $13,907
