The cost of a scooter depreciates every year by 15% of its value at beginning of the year. If the present cost of the scooter is Rs. 8,000; find its cost (in Rs.) after 2 years.
A
5780
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B
6690
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C
7200
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D
7530
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Solution
The correct option is A5780 Cost after depreciation in 'n' years =Original cost×(1−R100)n So after two years, cost =Rs8,000×(1−15100)2=8,000×(85100)2=Rs5,780