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Kazeer [188]
3 years ago
10

A motorcycle cost $12,000 when it was purchased. The value of a motorcycle decreases by 6% each year. Find the rate of decay eac

h month and select the correct answer below:
−0.005143%
−0.5143%
−0.005%
−0.5%
Mathematics
1 answer:
dalvyx [7]3 years ago
4 0
<span>the rate of decay each month can calculated using the following formula:
</span><span>
6%/year × 1 year/(12 months) = 0.5%/month
0.06 x 1/12 = 0.005/month
</span><span>So the 0.5% is the right answer.
I hope it helped.</span>
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