A motorcycle is worth $10,000, and loses value at a rate of 6.5% per year, which of the following will it be worth in 5 years?

Question

Please help

Answer 1

Well, you didn't give us any chouces, but if you lose 6.5%, you are left with 93.5%.

 

10,000(0.935)⁵ = your answer

 

Remember that your answer should be smaller than $10,000.