John bought a new cello for %1,000. It depreciates 8% per year. How much can he expect to sell it for in 6 years?
Please help me?
I am super confused with anything math related. Thanks!

Question

animallover8 · Answer

1000% or $1000?

anonymous · Answer

$1000 .
Didn't notice that typo .

animallover8 · Answer

8% of $1000 is $80. After 6 years that adds up to: $80x6=$480. Subtracting that value from the original price you end up with a depreciation of 48%. He can sell it for 48% less which is $520. That help?

anonymous · Answer

Yes!
That made so much sense! Thank you!

animallover8 · Answer

No problem hon. :)