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A bicycle costs $120. If it depreciates by 15% each year, what will be its value

Practice Questions

Q1
A bicycle costs $120. If it depreciates by 15% each year, what will be its value after one year?
  1. $102
  2. $100
  3. $110
  4. $90

Questions & Step-by-Step Solutions

A bicycle costs $120. If it depreciates by 15% each year, what will be its value after one year?
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