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Jeremiah bought a new bike for $230. The value of the bike decreases by 5.6% each year. How much will the bike be worth in 7 years?

Jeremiah bought a new bike for $230. The value of the bike decreases by 5.6% each year. How much will the bike be worth in 7 years?
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Jeremiah bought a new bike for $230. The value of the bike decreases by 5.6% each year. How much will the bike be worth in 7 years?

User Steve Chaloner
by
8.1k points

1 Answer

0 votes

Answer: $184

Explanation:

7/5.6%= 1.25%

$230/1.25%= $184

User Wolfc
by
8.2k points
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