Question

Lyle purchased a motorcycle for $13,430. It depreciates about 4.1% each year. What is the value of the motorcycle after seven years?

Answer 1

\[13430\times (.959)^7\] then a calculator

Answer 2

the formula is initial value(1-percentage)^the number of years, if da rate is decreasing.
if it is increasing, initial value(1+percentage)^the number of years
so anyways, the answer is
\[13430(1-4.1/100)^{7}\]