Question

a new bike was bought at Rs.98,500 in 2004.Its value depreciqted at the rate of 11% per annum.find its value​

Answer 1

Its value will be Rs 15264.54 (approx)

Step-by-step explanation:

Given that bike bought at Rs 98,500 in 2004

Rate of depriciation = 11 %

Now its value in 2020 after 16 years will be

= 98500 $(1-\frac{11}{100}) ^{16}$

= 98500 $(.89)^{16}$

= 98500 *.15497

= Rs 15264.54 (approximately)