A bicycle is worth 500 dollars , decreases in value by 7.8% per year. Set up a function to model this situation. Use the model to show how much the bike will be worth after 5 years.

$333.138

Step-by-step explanation:

Given that:

Initial value = $500

% decrease in value per year = 7.8% = 0.078

Price after t years is given by :

P(t) = initial value(1 - 0.078)^t

Where, t = number of years

Price after 5 years :

t = 5

P(5) = 500(1 - 0.078)^5

P(5) = 500(0.922)^5

P(5) = 500 *0.666276668105632

P(5) = 333.138334052816

= $333.138

7. d. 64

8. i. 32

9. c. 125

10. j. none of the above

11. d. 81

12. i. 216

13. e. none of the above

14. g. 240

15. e. none of the above

16. g. 32

17.   e. none of the above