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Ryan bought a bike for $47000 in the year 2002. Its value depreciates by 4% per year. What is the value of the bike in 2008?

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Ryan bought a bike for $47000 in the year 2002. Its value depreciates by 4% per year. What is the va...

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Ryan bought a bike for $47000 in the year 2002. Its value depreciates by 4% per year. What is the value of the bike in 2008?​

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Another question on Mathematics

Ryan bought a bike for $47000 in the year 2002. Its value depreciates by 4% per year. What is the value of the bike in 2008?