Your best friend just bought a 4 year old model motorcycle for $2,500. The seller told your friend the value has depreciated 12% each year. How much was it worth brand new?

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.S: Summary
Problem 5S
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Your best friend just bought a 4 year old model motorcycle for $2,500. The seller told your friend the value has depreciated 12% each year. How much was it worth brand new? 

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