George plans to purchase a new scooter for $8000 and to keep it until it is worth a fourth of its original price. The value of the scooter is give by V = 8000 (1 8) t, where V is the value of the scooter and t is the number of years that have passed. If George finds that he can buy the scooter on sale for $6895, how should he change the value equation?

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8 January, 07:04

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Daniel Whitney · Answer 1

I suggest using I=p. r. t

which is interest = principal*rate*time (years)