SOLUTION:
Lucy bought a motorcycle for eight thousand dollars. The
motorcycle decreases in value every year by five percent.
How much should Lucy's brother pay for the motorcycle if he
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Question 1075199:
Lucy bought a motorcycle for eight thousand dollars. The
motorcycle decreases in value every year by five percent.
How much should Lucy's brother pay for the motorcycle if he
buys it from her in five years?
Found 2 solutions by jorel1380, Alan3354:
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
If the motorcycle depreciates 5% every year, then it is only worth 95% of what it was the previous year. So:
V=8000 x (.95)^5
V=8000 x 0.7737809375=$6190.2475 as the value of the bike after 5 years. ☺☺☺☺
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
No way to know.
"How much would he pay" is not the same as "how much is it worth, based on .... "
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He might pay her $8,000.
I would to my sister.
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