wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Ravi bought a bicycle at ₹4000 and its value depreciates at the rate of 10% per annum. Find its value after one year.

A
₹ 3600
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
₹ 3000
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
₹ 2800
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
₹ 2400
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A ₹ 3600
Given,
Principal (P) = ₹4000
Rate (R) = 10%

Now by using the formula for depreciating value, we can write

A=P×[1R100]n
A=4000×[110100]1
A=4000×[1110]
A=4000×[910]
A=3600

The value of bicycle after one year will be ₹3600.

flag
Suggest Corrections
thumbs-up
1
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Compound Interest and its Formula
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon