A motorcycle purchased for 12,500 today will be valued 7% less each year. How much could you expect to receive for the motorcycl

Question

QveST [7]

3 years ago

11

A motorcycle purchased for 12,500 today will be valued 7% less each year. How much could you expect to receive for the motorcycl

e at the end of 4 years of you wanted to sell it?

Mathematics

1 answer:

Mice21 [21] · Answer 1 · 2022-04-07T04:03:54+03:00

Mice21 [21]3 years ago

8 0

Year 1
$12500 x .07 = $875
12500-875=11625
Year 2
11625 x .07 = $813.75
11625-813.75=10811
Year 3
10811 x .07 = $756.79
10811-756.79= 10054.21
Year 4
10054.21 x .07= 703.79
10054.21-703.79= 9350.42
So after 4 years expect to get $9350.42