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Question

A scooter was bought at ₹42000 and its value depreciated at the rate of 8% per annum. Find its value after one year.


A

48640

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B

48000

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C

38000

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D

38640

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Solution

The correct option is D

38640


Depreciation means reduction of value due to use and age of the item.

Using the formula for depreciating value:

A=P×[1R100]n
The value of n is 1
( we are asked to find the value after one year)
A=42000×[18100]
A=42000×[1225]
A=42000×[2325]
A = ₹ 38640

The value of scooter after one year will be ₹ 38640.


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