Question

A bike price is 159$ in january 2006 each year its price depreciates by 7 percent what will be its price at the end of 2007

Answer 1

AnsPlayrules eteanat b.

Step-by-step expfnkel

Answer 2

$137.52

Explanation:

To solve this we have the following equation

159*(.93)^n

where n is the number of years passed

Whenver we decrease the price by 7% we are essentially multiplying it by .93 which is why this equation works

To start on January 2006 and end at the end of 2007 means about 2 years has passed

This means we can plug in 2 for n

so we have

159*(.93)^2

Put this into your calculator and get 137.52