Question

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%

Answer 1

this is solving exponential equations with unequal bases

Answer 2

for one year 6%
for 12 months 6%
for one month 6%/12
for one month 0.5%

Answer 3

@theyatin thanks

Answer 4

@theyatin it was wrong