Question

Parker's dirt bike cost him $8000 at time of purchase. Each year its

worth has depreciated by 11%. How much is the dirt bike worth
after 5 years after purchase?
a. $4467.25
b. $5298.13
c. $5526.87
d. $6215.36

Answer 1

you find the depreciation yearly

and Subtract the answer yearly for the number of year given the answer is a

Answer 2

a. 4467.25

Explanation:

(8000)*(0.89^5) =

^- Standard interest formula