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Question

A scooter was bought at ₹60000 and its value depreciated at the rate of 7% per annum. Find its value after one year.



A

Rs 48640

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B

Rs 48000

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C

Rs 55800

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D

Rs 58640

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Solution

The correct option is C

Rs 55800


Using the formula for depreciating value:

Present Value P = ₹ 60000 ;   R = 7 % and n = 1 year 

A = 60000 ×  [17100]

A = ₹ 55800
The value of scooter after one year will be ₹55800


Mathematics

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