Question

12. A scooter was bought at 42,000. Its value
depreciated at the rate of 8% per annum.
Find its value after one year.​

Answer 1

Answer:

for calculating the value of depreciation there is a following formula that is P(1-R÷100)^N

Answer 2

Answer:

price of scooter=42000

price of depreciated=8÷100*42000=$3360

42000-3360=$38640