Please Help
A motorcycle cost $12,000 when it was purchased. The value of a motorcycle decreases by 6% each year. Find the rate of decay each month and select the correct answer below.

−0.005143%
−0.5143%
−0.005%
−0.5%

Question

Please Help
A motorcycle cost $12,000 when it was purchased. The value of a motorcycle decreases by 6% each year. Find the rate of decay each month and select the correct answer below.

 −0.005143%
 −0.5143%
 −0.005%
 −0.5%

anonymous · Answer

@Hero be my hero

anonymous · Answer

@nincompoop

anonymous · Answer

@peachpi @geekfromthefutur @pooja195 @SolomonZelman @Luigi0210

anonymous · Answer

@butterflydreamer can you help me

anonymous · Answer

@Taylor<3sRin @sweetburger @aaronq @Hero

butterflydreamer · Answer

hmmm.. i don't know if this is a trick question.. but i think since it is asking for the "rate of decay each month" and we're given that the value of the motorcycle decreases by 6% each YEAR..
Don't we just convert 6% per year into a percentage in terms of months?
so.. 6% per year =  ? % per month.. wouldn't this be your rate of decay?
So i guess you divide 6% by 12

anonymous · Answer

so it would be -0.5%

butterflydreamer · Answer

are you sureeee..? You might want to re-calculate it :)
6% = 6/100.. divide this by 12 and you should get...?

anonymous · Answer

oh sorry -0.005%

butterflydreamer · Answer

yessss :)! Good job

anonymous · Answer

Thanks once again @butterflydreamer

butterflydreamer · Answer

you're welcome ^_^ ~