Anew car sells for $25,000. the value of the car decreases by 15% each year. what is the approximate value of the car 5 years after it is purchased

Given:
Initial value = 25,000
depreciation = 15% per annum based on net book value

Net book value = 25,000 (1 - 0.15)^t

where t is the number of years

NBV = 25,000 (0.85)^5
NBV = 25,000 (0.4437)
NBV = 11,092.50

The approximate value of the car 5 years from date of purchase is 11,092.50

Ibelieve a is the correct answer because 3 is the y-intercept you can see it from the graph. so from here the answers could only be a and c. they are differently at the sign.substitute x with 1so the equation for a is 3*(1.4)^x3*(1.4)^1 = 4.2look back at the graph it is true that when x= 1 y= 4.2if you use equation from c. when x= 1 then y will be negative number which is falseso correct answer is a