Question

sally bought a hot pink motorized scooter for $5 000. online , she read that .the scooter is reduced each year by about 18% how much will the scooter be work four years

Answer 1

You need to set it up like this: Initial amount ( 1 - Depreciation Rate) ^ Time in years. So: 5000(1-0.18)^4 = 5000(0.82)^4=2260.6088, rounded to the nearest cent is $2260.61.