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Mrs. Cohen purchases a motorcycle for her son, jack for $12,000. The motorcycle depreciates at a rate of 21% per year. Determine the value of the motorcycle at the end of 5 year…

Mrs. Cohen purchases a motorcycle for her son, jack for $12,000. The motorcycle depreciates at a rate of 21% per year. Determine the value of the motorcycle at the end of 5 year…
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Mrs. Cohen purchases a motorcycle for her son, jack for $12,000. The motorcycle depreciates at a rate of 21% per year. Determine the value of the motorcycle at the end of 5 years

asked
User Prats
by
7.3k points

1 Answer

3 votes

Answer:

$3692

Explanation:

100-21=79

=> 0.79

12000 × 0.79^5 = $3692

answered
User Gregory A Beamer
by
8.4k points
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