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

314,146 views

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

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

28 votes

Answer:

$43351.30

Explanation:

Rich Jenks answered Feb 27, 2022

2.9k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers