The value of a dirt bike decreases by 20% each year. If you purchased this dirt bike today for $500, to the nearest dollar how much would the bike be worth 5 years later?

$84

$119

$164

$222

Question

Mathematics

Brenda Bond

6 September, 06:35

The value of a dirt bike decreases by 20% each year. If you purchased this dirt bike today for $500, to the nearest dollar how much would the bike be worth 5 years later?

$84

$119

$164

$222

+5

Answers (1)

Know the Answer?

King · Answer 1

After the first year: 500*0.8

After the second year: 500*0.8^2

After the third year 500*0.8^3

After the fourth year 500*0.8^4

After the fifth year: 500*0.8^5 = 163.84

Answer: $ 164

The value of a dirt bike decreases by 20% each year. If you purchased this dirt bike today for $500, to the nearest dollar how much would the bike be worth 5 years later?$84$119$164$222

The value of a dirt bike decreases by 20% each year. If you purchased this dirt bike today for $500, to the nearest dollar how much would the bike be worth 5 years later?

$84

$119

$164

$222