A $2.000 bicycle depreciates at a rate of 10% per

year.

After how many years will it be worth less than

$1.000

6 years

Step-by-step explanation:

10% of 2000 is 200, multiplied by 6 equals 1200, 2000 - 1200 is less than 2000

In six years it will be worth less than $1.000

Step-by-step explanation

Since the bike cost 2000 and it depreciates at a rate of 10% per year this means that every years it goes down by $200. So do 200*5=1.000 and then subtract that from the original amount and you get 1.000. Since it asked you what year it cost less than 1.000 you have to also minus another year which is 1.000-200=800 so the answer is in 6 years the price will be lower that 1.000.