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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?

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?
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5 votes
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?

User Alpha Sisyphus
by
8.2k points

1 Answer

12 votes

Answer:

$9212

Explanation:

15000-2250 = 12750 (1st year)

12750-1913 = 10838 (2nd year)

10838-1626 = 9212 ( 3rd year)

User Shushan
by
7.8k points
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