Question

A new pair of Air Jordan's that sells for $150 decreases at a rate of 14% each year. Find the value of the shoes after 5 years (round to the nearest cent).

Answer 1

$45

Explanation:

If it looses it value of 14 % every year, by the end of 5 years, the value would go down by 70%. So, 150x0.7= 105, 150-105=45, so it would be. worth. 45% in 5 years.