Question

Ricardo bought a motorcycle for $15,000. The value depreciates 15% at the start of each year. What is the value of the motorcycle after three years?

Answer 1

$9212

Explanation:

15000-2250 = 12750 (1st year)

12750-1913 = 10838 (2nd year)

10838-1626 = 9212 ( 3rd year)