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 r is the rate of depreciation. V= C( 1 - r )^t

If the original cost of the car was $20,000 and the rate of depreciation is 15%, what will be the value of the car after 5 years? [Round to the nearest dollar.]
A.
$18,544
B.
$3,000
C.
$8,874
D.
$17,000