A scooter was bought at Rs 506000 Its value depreciated at the rate of 4% per annum. find the value after 2 year
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Answer:
466329.6
Step-by-step explanation:
price of scooter =506000
rate=4%
in the first year
=506000-(4/100×506000)
=506000-20240
=485760
in second year
=485760-(4/100×485760)
=485760-19430.4
=466329.6
the value is depreciated to
=466329.6
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