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.
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@butterflydreamer can you help me
@Taylor<3sRin @sweetburger @aaronq @Hero
hmmm.. i don't know if this is a trick question.. but i think since it is asking for the "rate of decay each month" and we're given that the value of the motorcycle decreases by 6% each YEAR..
Don't we just convert 6% per year into a percentage in terms of months?
so.. 6% per year = ? % per month.. wouldn't this be your rate of decay?
So i guess you divide 6% by 12
so it would be -0.5%
are you sureeee..? You might want to re-calculate it :)
6% = 6/100.. divide this by 12 and you should get...?