Respuesta :
the answer should be $11,093. cuz 25000(1-0.15)^5 is ->11,093<-
The value of the car 5 years after it is purchased is $11,092.63.
Given that, P=$25,000, r=15% and T=n=5 years.
How do find the value of a decrease every year?
This could be calculated using the proportion. If the value of the car decreases by 15% each year, that means that after each year the value of the car is 85% of the value from the first year.
Now,
After 1st year:
$25,000 : 100% = x1 : 85%
x1 = $25,000 · 85% ÷ 100%
x1 = $21,250
After 2nd year:
$21,250 : 100% = x2 : 85%
x2 = $21,250 · 85% ÷ 100%
x2 = $18,062.5
After 3rd year:
$18,062.5 : 100% = x3 : 85%
x3 = $18,062.5 · 85% ÷ 100%
x3 = $15,353.12
After 4th year:
$15,353.12 : 100% = x4 : 85%
x4 = $15,353.12 · 85% ÷ 100%
x4 = $13,050.15
After 5th year:
$13,050.15 : 100% = x5 : 85%
x5 = $13,050.15 · 85% ÷ 100%
x5 = $11,092.63
Therefore, the value of the car 5 years after it is purchased is $11,092.63.
To learn more about the decrease in price visit:
https://brainly.com/question/13291666.
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