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i don’t understand this very well, i think growth and decay but not sure

I Dont Understand This Very Well I Think Growth And Decay But Not Sure class=

Sagot :

She bought the bike by 3,000 six years ago, we are assuming the value of her mountain bike depreciated 20% each year

1 year

3,000*20% = 600

2year

3,000-600 = 2,400*20% = 480

3year

2,400-480 = 1920*20% = 384

4 year

1920-384= 1,536*20% = 307.2

5 year

1,536-307.2= 1,228.8*20% = 245.76

6year

1,228.8 - 245.76 = 1,043.04*20% = 208.608

1,043.04 - 208.608 =834.432

Rounded to the nearest dollar

= 834

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