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A $2000 bicycle depreciates at a rate of 10% per year.
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A $2000 bicycle depreciates at a rate of 10% per year.

A $2000 bicycle depreciates at a rate of 10% per year.-example-1
User Benny Halperin
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1 Answer

4 votes

Answer:

1180.98

Explanation:

$2000*0.9^5

This is because we're just multiplying 2000 by 0.9 five times to reduce it by that amount.

User TaoZang
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