A car's value depreciates by 15% each year. If the initial v...

Question Analysis
This question tests the understanding of exponential decay and the ability to evaluate the function at a specific point.

Key Concept Explanation
The function represents exponential decay where the value decreases by a fixed percentage each year. Here, the initial value and the decay factor .

Step-by-step Solution
1. Identify the given function: .
2. Substitute into the function: