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Answer :
Final answer:
The value of the car after 5 years is approximately $8,031.05.
Explanation:
To find the value of the car after 5 years, we can use the exponential decay function: V(t) = 20000 * (0.79)^t. In this function, V(t) represents the value of the car after t years. We substitute t=5 into the equation to find the value after 5 years:
V(5) = 20000 * (0.79)^5 ≈ $8,031.05
Therefore, the value of the car after 5 years is approximately $8,031.05.
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