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Formula for CI

A scooter was...

Question

A scooter was bought at Rs. $42, 000$ . Its value depreciated at the rate of $8 %$ per annum. Find its value after one year.

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Solution

Depreciation $= \frac{8}{100} \times 42000 = 3360$

Value after 1 year $= 42000 - 3360$ $= 38640 R s .$

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