+0  
 
0
1043
1
avatar+120 

The value of a dirt bike decreases by 20% each year. If you purchased this dirt bike today for $500, to the nearest dollar how much would the bike be worth 5 years later?

 Mar 29, 2016
edited by yollycaprice  Mar 29, 2016

Best Answer 

 #1
avatar+118690 
+10

The value of a dirt bike decreases by 20% each year. If you purchased this dirt bike today for $500, to the nearest dollar how much would the bike be worth 5 years later?

 

500*(1-0.20)^5

 

500*0.8^5

 

500*0.8^5 = 163.84

 

$163.84 =  $164

 Mar 29, 2016
 #1
avatar+118690 
+10
Best Answer

The value of a dirt bike decreases by 20% each year. If you purchased this dirt bike today for $500, to the nearest dollar how much would the bike be worth 5 years later?

 

500*(1-0.20)^5

 

500*0.8^5

 

500*0.8^5 = 163.84

 

$163.84 =  $164

Melody Mar 29, 2016

1 Online Users

avatar