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Mathematics, 22.09.2020 20:01 shelbylynn17

One model for car depreciation is as follows, where C is the original cost, V is the value of the car after t years, and is the rate of depreciation

V=C(1-r)^t

of the original cost of the car was $21,000 and the rate of depreciation is 15%, what will be the value of the car after 5 years?

[Round to the nearest dollar.)

A $19,472

B. $3,150

C$9,318

D. $17,850

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