Question

The price of a scooter is $Rs.14000$. If it depreciates by $2\%$ of its value at the beginning of each year. Find the sale value after $4$ years.

• A. $Rs1213.154$
• B. $Rs12000.154$
• C. $Rs12913.154$
• D. None of these

Answer 1

The correct option is C $Rs12913.154$

Given that

Original value of the scooter $=Rs.14000$

Rate of depreciation $=2$%

The value of the scooter after $4$ years

$=14000\times {(1-\frac{2}{100})}^4$

$=14000\times {\left(0.98\right)}^4$

$=14000\times 0.92236816$

$=12913.154$

Thus, the value of the scooter after $4$ years $=Rs12913.154$

Hence, this is the answer.