Question

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

• A. Rs48640
• B. Rs48000
• C. Rs38000
• D. Rs38640

Answer 1

The correct option is D

Rs38640

Using the formula for depreciating value:

$A=42000\times [1-\frac{8}{100}{]}^1$

$A=42000\times \left[\frac{92}{100}\right]$

$A=Rs.38640$
The value of the scooter after one year will be Rs.38640