SOLUTION: a new motorcycle cost $6000 it loses 20% of its value by the end of the first year. each year thereafter it loses 10% of its remaining value from the end of the previous year how m

SOLUTION: a new motorcycle cost $6000 it loses 20% of its value by the end of the first year. each year thereafter it loses 10% of its remaining value from the end of the previous year how m

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Question 1103260: a new motorcycle cost $6000 it loses 20% of its value by the end of the first year. each year thereafter it loses 10% of its remaining value from the end of the previous year how much is the motorcycle worth after five years

Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
6000(.20)=1200
so after one year it is worth 6000-1200=4800
4800(0.90)^4, is the worth after 5 years losing 10% a year after year 1. That is $3149.28
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