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7 August, 00:27

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?

$84

$119

$164

$222

+2
Answers (1)
  1. 7 August, 03:06
    0
    After the first year: 500*0.8

    After the second year: 500*0.8^2

    After the third year 500*0.8^3

    After the fourth year 500*0.8^4

    After the fifth year: 500*0.8^5 = 163.84

    Answer: $ 164
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