Question 7 • CMS 2026-2027 NC Math 3 CREDIT RECOVERY
A new car sells for 25 dollars comma 000 The value of the car decreases by 15 percent each year. What is the approximate value of the car 5 years after it is purchased?
Answer
A
25 comma 000 times open paren 1 minus 0 point 1 5 close paren to the 5th power , or approximately 11 dollars comma 093
B
25 comma 000 times 0 point 1 5 to the 5th power , or approximately 18 dollars comma 984
C
25 comma 000 minus open bracket open paren 100 minus 15 close paren times 5 close bracket , or approximately 24 dollars comma 575
D
25 comma 000 minus 1500 times 5 , or approximately 17 dollars comma 500