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Kamila [148]
3 years ago
8

Last year, Nancy bought a mountain bike for $570. Her bike has depreciated since she bought it. It is now worth $410. What perce

nt did the value of Nancy’s bike depreciate over the past year? Round the the nearest whole percent.
Mathematics
1 answer:
Inessa05 [86]3 years ago
5 0
It’s worth about 72% of the original value so about a 28% depreciation over the year
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<u><em>More unknown than equations, the answer cannot be determined </em></u>

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<u><em>We can solve by means of a 2x2 system of equations, we have to: </em></u>

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<u><em>If we assume a value, for example, $ 5 </em></u>

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<u><em>We can solve: </em></u>

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<u><em>replacing we have: </em></u>

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<u><em>5 * (35 - y) + 8.75 * y = 259 </em></u>

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<u><em> - 5 * y + 8.75 * y = 259 - 175 </em></u>

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