Mathematics, 02.02.2021 02:30 fluffyunicorn59803

Ernie wants to buy a racing bike that costs $4999. He has $2000. He invests the money in an account that pays 1.9% annual interest compounded annually. The bike depreciates (the cost goes down) at a rate of 20% per year. Write a system of equations to model

1. his account balance each year if he makes no further deposits or withdrawals and
2. the cost of the bicycle.

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Ernie wants to buy a racing bike that costs $4999. He has $2000. He invests the money in an account...

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