1 A motor bike was bought at a price of Rs. 51,000/-. After one year the value
of the bike depreciated by 5% (Depreciation refers to the reduction in value
over certain time period). Find the value of TV after one year.
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1
Answer:
Cost price=Rs50000=Principal value
Rate(R) of depreciation=8%
T=1year
∴A=P(1−
100
R
)
T
since value depreciates,
=>A=50000(1−
100
8
)
=50000×
25
23
=46000
∴value of motorcycle after one year is Rs.46000
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