The value of a car depreciates by 15% each year. The function gives the approximate value of the car, in dollars, years after it was purchased. Which statement is the best interpretation of in this context?
After 3 years, the car's value is approximately $15,353.13.
The car lost approximately $15,353.13 in value after 3 years.
The car was purchased for $15,353.13 and its value decreased by 3% annually.
After 15,353.13 years, the car's value is approximately $3.
