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Question
A scooter was bought at . Its value depreciated at the rate of per annum. Find its value after one year
A scooter was bought at . Its value depreciated at the rate of per annum. Find its value after one year
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Solution
Principal = Cost price of the scooter = ₹ 42,000
Depreciation = 8% of ₹ 42,000 per year
= (P x R x T)/100
= (42000 x 8 x 1)/100
We get,
= ₹ 3360
Hence, the value after one year = ₹ 42,000 – ₹ 3360 = ₹ 38,640
Principal = Cost price of the scooter = ₹ 42,000
Depreciation = 8% of ₹ 42,000 per year
= (P x R x T)/100
= (42000 x 8 x 1)/100
We get,
= ₹ 3360
Hence, the value after one year = ₹ 42,000 – ₹ 3360 = ₹ 38,640
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