One model for car depreciation is as follows, where cis the original cost, vis the value of the car after tyears, and ris the rate
of depreciation
v= (1-1)
if 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. $17,850
b. $3,150
c. $9,318
d. $19,472