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The value of a bike depreciates by 35% per year. Work out the current value of a bike bought 2 years ago for £600
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The value of a bike depreciates by 35% per year. Work out the current value of a bike bought 2 years ago for £600

User Neda
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4 votes
253.5 is the correct answer
User Yulonda
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after 1st year the value of the bike is 35% less, worth 65% of the original price: 0.65*600 = 390
2nd year 65% of 390
.65*390 = 253.5
User Ian Lunn
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