The value of a dirt bike decreases by 20% each year. If you purchased this dirt bike today for $500, to the nearest dollar how much would the bike be worth five years later?

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asked May 21, 2018 227k views

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NilsB · Answer 1 · 2018-05-25T22:09:54+0000

After the first year: 500*0.8
After the second year: 500*0.8^2
After the third year 500*0.8^3
After the fourth year 500*0.8^4
After the fifth year: 500*0.8^5 = 163.84

Answer: $ 164

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The value of a dirt bike decreases by 20% each year. If you purchased this dirt bike today for $500, to the nearest dollar how much would the bike be worth five years later?

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