a scooter was bought at rs 4200 its value dipriciate at the rate of 8% per annum find its value after 2 years
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Step-by-step explanation:
principal=4200
rate of interest=8%
time=2years
we convert year into month so, 1 year has 12 month so 2 years has 24 month
Simple interest=P×R×T/100
=4200×8/100×24=8064
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