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The value of a dirt bike decreases by 20% each year. If you purchased this dirt bike today for $500, to the nearest dollar how much would the bike be worth 5 years later?


$84


$119


$164


$222

Verified Answer :

After the first year: 5000.8
After the second year: 500
0.8^2
After the third year 5000.8^3
After the fourth year 500
0.8^4
After the fifth year: 500*0.8^5 = 163.84

Answer: $ 164

Answer:

$164 after 5 years

Step-by-step explanation: