A boy buy an scooter of $16000 thousand. If the cost of scooter after 2 years depreciates $14440.find the rate of depreciation.
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c.p=$16000, s.p=$14440
depreciation price= $1560
rate of depreciation = 1/2(1560×100)/16000
=156/32=4.875%
depreciation price= $1560
rate of depreciation = 1/2(1560×100)/16000
=156/32=4.875%
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