QUESTION 3
Solve the problem.
Mike buys a bike for $ \$ 2100 $. In the first month after he buys it, it depreciates by $ 4 \% $. What is the value of the bike after 1 month?
$ \$ 2096 $
$ \$ 2016 $
$ \$ 2184 $
$ \$ 84 $

Answer

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Answer

The bike's value after 1 month is: $\$2016$

Steps

Step 1 ：Calculate the depreciation amount: $2100 \times 0.04 $

Step 2 ：Subtract depreciation amount from original value: $2100 - 84 $

Step 3 ：The bike's value after 1 month is: $\$2016$