Question

A scooter was bought at $42000 . It's value depreciated at the rate of 8% per annum . Find its value after one year

Answer 1

Hi friend ✋✋✋✋
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Your answer
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Cost of a scooter = $42000

Rate at which is value depreciated = 8%/annum

Then,
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Cost that depreciated in 1 year = 8% of $42000 = $3360

Then,
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Cost of the scooter after 1 year = $ (42000 - 3360) = $38640

HOPE IT HELPS