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Luke purchased a motorcycle for $8765. It depreciates about 5.3% each yeah. What is the value of the motorcycle after five years?

Luke purchased a motorcycle for $8765. It depreciates about 5.3% each yeah. What is the value of the motorcycle after five years?
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Luke purchased a motorcycle for $8765. It depreciates about 5.3% each yeah. What is the value of the motorcycle after five years?

asked
User UMAIR ALI
by
8.0k points

1 Answer

7 votes
the equation would be 8765(1-.053)^5 and the answer would be
6675.80
answered
User Ran Cohen
by
8.0k points
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