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?

A 15% decrease each year means the car retains 100% − 15% = 85% of its value each year. After 5 years, its value is $25,000 × 0.85⁵ ≈ $11,093, so choice A, approximately $11,093, is correct.

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