SOLUTION: The value of a motor bike depriciates 10% per year if the present value of the bike is 60,000.What will be the value of the bike after two years?

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Question 697247:
The value of a motor bike depriciates 10% per year if the present value of the bike is 60,000.What will be the value of the bike after two years?
Answer by checkley79(3341) About Me  (Show Source):
You can put this solution on YOUR website!
60,000(1-.10)^2
60,000*.90^2
60,000*.81=$48,600 ans.