Question

The value of a dirt bike decreases by 15% each year. If you purchased this dirt bike today for $500, to the nearest dollar how much would the bike be worth five years later?

Answer 1

The bike would be worth $125 5 years later.

Answer 2

If i decreases by 15% every year that means in 5 years it would decrease 75%. 755 of $500 is $375. So the answer is $125