The cost of a scooter depreciates 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 : (i) after one year (ii) after 2 years.

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Solution

Present cost of scooter depriciates by 15% every year
(i) cost of scooted after one year
= $\frac{(100 - 15)}{100} \times 8000 = \frac{85}{100} \times$ 8000
= Rs. 6800
(ii) Cost of scooter after 2 years
$\frac{(100 - 15)}{100} \times 6800 = \frac{85}{100} \times 6800$
= Rs. 5780

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The cost of a scooter depreciates 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 : (i) after one year (ii) after 2 years.

Present cost of scooter depriciates by 15% every year (i) cost of scooted after one year = (100−15)100×8000=85100× 8000 = Rs. 6800 (ii) Cost of scooter after 2 years (100−15)100×6800=85100×6800 = Rs. 5780

Present cost of scooter depriciates by 15% every year
(i) cost of scooted after one year
= $\frac{(100 - 15)}{100} \times 8000 = \frac{85}{100} \times$ 8000
= Rs. 6800
(ii) Cost of scooter after 2 years
$\frac{(100 - 15)}{100} \times 6800 = \frac{85}{100} \times 6800$
= Rs. 5780