a man borrowed rupees 540000, after 2 years he gave his motorcycle and 50,000, find the price of motorcycle if the interest is 8% per annum
Answers
Answered by
2
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
Similar questions