The resale value of a bike decreases by 14% per year. A new bike is valued at $350. Approximate the resale value after 4 years to the nearest dollar.

$‭191.45

Step-by-step explanation:

This question requires the price of a bike in future so you can use the future value formula to calculate it:

Future value = Amount * (1 + rate)^ no. of periods

= 350 * (1 - 14%)⁴

= 350 * ‭0.54700816‬

= $‭191.45

The rate is subtracted from 1 instead of being added to represent that the value is decreasing not increasing.

three-fourths of an hour

36÷48=0.75

0.75=

let's solve your equation step-by-step.

4x+2=2x+12

step 1: subtract 2x from both sides.

4x+2−2x=2x+12−2x

2x+2=12

step 2: subtract 2 from both sides.

2x+2−2=12−2

2x=10

step 3: divide both sides by 2.

2x

2

=

10

2

x=5

step-by-step explanation: