A scooter was bought at $R s . 42000$ . Its value depreciated at the rate of $8$ % per annum. Find its value after one year.

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Solution

Value of scooter cat present time $= R s .42000$

Its value depreciated at the rate of $8 %$ per annum.

Therefore the value depreciated in one year $= 8 %$ of $42000$

$= R s .3360$

Therefore its value after one year $= R s . (42000 - 3360)$

$= R s .38640$

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