Question

The cost of a scooter depreciate every year by $15\%$ of its value at the beginning of the year. If the present cost of the scooter is $8,000$; find its cost:
After $2$ year

Answer 1

Percent cost of scooter $=Rs.8000$
The cost of scooter depreciates by $15\%$ every year
Cost of scooter after one year
$=\frac{(100-15)}{100}\times 8000=\frac{85}{100}\times 8000=Rs.6800$
Cost of scooter after $2$ year
$=\frac{(100-15)}{100}\times 6800=\frac{85}{100}\times 6800=Rs.5780$