Question

You bought a guitar 6 years ago for $400. If its value decreases by

about 13% per year, how much is your guitar worth now?

$351.23

$226.55

$322

$173.45

Answer 1

your answer should be $173.45

Answer 2

$173.45

Explanation:

the beginning value is $400. if it loses 13%, that means it keeps 87% of its value. so you multiply by 0.87 6 times for each year