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Lowell purchased a motorcycle for $17,011. It depreciates about 3.9% each year. What is the value of the motorcycle after eight years?

Lowell purchased a motorcycle for $17,011. It depreciates about 3.9% each year. What is the value of the motorcycle after eight years?
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1 vote
Lowell purchased a motorcycle for $17,011. It depreciates about 3.9% each year. What is the value of the motorcycle after eight years?

User Homme Zwaagstra
by
7.8k points

1 Answer

4 votes
3.9%*8=31.2
17,011/31.2=545.22
17,011-545.22=16,465.78 after 8 years.
User SILENMUS
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7.6k points
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