Solve the problem.
-Mike buys a bike for $\$ 3500$. In the first month after he buys it, it depreciates by $9 \%$. What is the value of the bike after 1 month?
A) $\$ 3185$
B) $\$ 3815$
C) $\$ 315$
D) $\$ 3491$

Question

Quizplus · Accepted Answer

The value of the bike after 1 month is calculated by subtracting 9% of its initial value from its initial value. $3500 - (3500 \times 0.09) = 3500 - 315 = \$3185$.

Solve the Problem $3500\$ 3500$3500 in the First Month After He Buys It, It

Solve the Problem $\$ 3500$ in the First Month After He Buys It, It