Question

A bike which cost ₹60000 depreciates by 2.5 every year .How much will the bike worth after 4 years​

Answer 1

Answer:

Amt = P(1 + R)^T =

Amt = 60,000(1 + -2.5/100)^4 =

Amt = 60,000(97.5/100)^4

Amt = 60,000 * 0.90368789062 =

Amt = 54221.2734372 ==> Price of Bike after 4 Years, from 60,000

Hope This Helps :)

Answer 2

54221.27

Step-by-step explanation:

depreciation rate = 2.5% = 1/40

worth after 4 yrs

= 39/40*39/40*39/40*39/40 * 60000

= Rs 54221.27