Jorge bought a motorcycle 7 years ago for $9999. He knows it had deprecated at a rate of 8% each year. If Jorge sells his bike today, How mu

I think geno meant to write.....

$9999(.92)^7  = about $5577.91

Since it deprecates 8% per year, it retains 92% of its value.

After 1 year, it will be worth $9999.00 x 0.92.

After 2 years, it will be worth $9999.00 x 0.92 x 0.92.

So, after 5 years, it will be worth $9999.00 x 0.92⁵.