Math, asked by azmatajju776, 4 months ago

A scooter was bought at ₹ 40,000. Its value depreciated at the rate of 4% per annum. Find its value after one year.​

Answers

Answered by ananyagaur027
0

Answer:• The value of the scooter after 1 year is Rs 38640.

Given :

•Principal (P) = Rs 42,000

• Interest rate (R) = 8%

• Time (n) = 1 year

To Find :

• Value of scooter after 1 year = ?

Solution :

By using the formula,

Hence, the value of the scooter after one year is Rs 38640.

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★ Additional Information :

• Compound interest is the addition of interest to the principal sum of deposit or it may be loan .

The formula for compound interest is,

Where,

A = Final amount

P = principal balance

r = interest rate

n = no. of times interest applied .

t = no. of time periods elapsed

Step-by-step explanation:

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