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Question

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


  1. ₹ 34820

  2. ₹ 38640

  3. ₹ 31830

  4. ₹ 33650


Solution

The correct option is B

₹ 38640


Let P be the value of the scooter after n years and let P0 be its purchase price.

P=P0(1r100)n

P=42000 [18100]

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

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