Ryan bought a bike for $47,000 in the year 2002. Its value depreciates by 2% per year. What is the value of the bike in 2006?

Johnchase asked Feb 22, 2022

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39 votes

Ryan bought a bike for $47,000 in the year 2002. Its value depreciates by 2% per year. What is the value

of the bike in 2006?

Johnchase asked Feb 22, 2022

2.6k points

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28 votes

Answer:

$43351.30

Explanation:

Rich Jenks answered Feb 27, 2022

2.9k points

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