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Gabi buys a new tent for $837. She knows that the value of the tent will depreciate 16% each year. How much will it be worth in 5 years? Give your answer to two decimal places
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Gabi buys a new tent for $837. She knows that the value of the tent will depreciate 16% each year.

How much will it be worth in 5 years? Give your answer to two decimal places

User Royal Bg
by
8.4k points

1 Answer

2 votes

Answer:

$167.40

Explanation:

5(16%)=80%

100% - 80% = 20%

20% × $837 = $167.40

User ALoR
by
7.7k points
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