To find the current value of the bike after it has depreciated, we first need to calculate how much the value has changed.
-
Calculate the amount of change in value: \[ \text{Change in value} = \frac{-2}{5} \times \text{Original price} = \frac{-2}{5} \times 150 \] \[ = -60 \]
-
Calculate the current value: \[ \text{Current value} = \text{Original price} + \text{Change in value} = 150 + (-60) \] \[ = 150 - 60 = 90 \]
Thus, the current value of the bike is $90.