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A motorcycle cost $12,000 when it was purchased. The value of a motorcycle decreases by 6% each year. Find the rate of decay each month and select the correct answer below. -0.005143% -0.5143% -0.005%
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A motorcycle cost $12,000 when it was purchased. The value of a motorcycle decreases by 6% each year. Find the rate of decay each month and select the correct answer below.

-0.005143%
-0.5143%
-0.005%
-0.5%

User Carlo Pellegrini
by
7.9k points

1 Answer

2 votes
6/12=0.5%
..............................................
User Panos Bechlivanos
by
7.6k points
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