Parker's dirt bike cost him $8000 at time of purchase. Each year its worth has depreciated by 11%. How much is the dirt bike worth after 5 years after purchase? a. $4467.25 b. $5298.13 c. $5526.87 d. $6215.36

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Parker's dirt bike cost him $8000 at time of purchase. Each year its
worth has depreciated by 11%. How much is the dirt bike worth
after 5 years after purchase?
a. $4467.25
b. $5298.13
c. $5526.87
d. $6215.36
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2 Answers

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you find the depreciation yearly

and Subtract the answer yearly for the number of year given the answer is a
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a. 4467.25

Step-by-step explanation:

(8000)*(0.89^5) =

^- Standard interest formula
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