a cyclist buys a bicycle for $2,000. if the value of the bicycle depreciates by 30% every year, what is the…

a cyclist buys a bicycle for $2,000. if the value of the bicycle depreciates by 30% every year, what is the value of the bicycle after 2 years? remaining amount = 2,000(1 - 0.30)^2 remaining amount = $? round your answer to the nearest whole number.

a cyclist buys a bicycle for $2,000. if the value of the bicycle depreciates by 30% every year, what is the value of the bicycle after 2 years? remaining amount = 2,000(1 - 0.30)^2 remaining amount = $? round your answer to the nearest whole number.

Answer

Answer:

980

Explanation:

Step1: Calculate the value inside the parentheses

$1 - 0.30=0.70$

Step2: Square the result

$0.70^2 = 0.49$

Step3: Multiply by the initial amount

$2000\times0.49 = 980$