Question

Luther purchased a motorcycle for $11,592. It depreciates about 7.2% each year. What is the value of the motorcycle after six years

Answer 1

1st you nee to find out how much money it will lose in value each year.
11,592*0.072=834.624
2nd multiply what you lose a year but total of year you losing money for.
834.624*6=5,007.744
3rd is to subtract to get the total amount that motorcycle would now be worth.
11,592-5,007.744=6,584.256
so after 6years the motorcycle would be worth $6,584.26

Answer 2

aww thnx for walking me through the steps i appreciate it

Answer 3

no problem. :)