The value of a dirt bike decreases by 30% each year. If you purchased this dirt bike today for $500, to the nearest dollar how much would the bike be worth five years later?
$84
$119
$164
$222
The first year it would drop down to 350 The second year it would drop down to 245 The third year it would drop down to 171.5 The fourth year it would drop down to 120.05 The fifth year it would drop down to 84.035