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The value of a bike depreciates by 55% per year. work out the current value of a bike bought 2 years ago for £1300.

The value of a bike depreciates by 55% per year. work out the current value of a bike bought 2 years ago for £1300.
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4 votes
The value of a bike depreciates by 55% per year. work out the current value of a bike bought 2 years ago for £1300.

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User Brian Young
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8.8k points

1 Answer

5 votes
1300*0.45 = 585
585*0.45 = 263.25 pounds
answered
User Klendi
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7.6k points
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