Problem
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? \( \$ 2096 \) \( \$ 2016 \) \( \$ 2184 \) \( \$ 84 \)
Solution
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: \(\$2016\)
