Question

A scooter was bought at Rs 60,000.Its value is depreciated at the rate of 5% per annum. Find its value after one year
plz ans fast​

Answer 1

It's value after one year will be ₹57000

Step-by-step explanation:

GIVEN

Principal = ₹60000

Rate = 5%

Time = 1 year

___________________________

TO FIND

It's value after one year

___________________________

We know that,

$Amount = principal \times ( 1 + \frac{r}{100} ) ^{t}$

Amount = 60000 × ( 1 + ( - 5 ) / 100 ) ¹

Amount = 60000 × ( 1 - 5 / 100 ) ¹

Amount = 60000 × ( 100 - 5 / 100 ) ¹

Amount = 60000 × ( 95 / 100 )

Amount = 60000 × 0.95

Amount = 57000

Amount = ₹57000

It's value after one year will be ₹57000

Answer 2

Step-by-step explanation:

answer is 5700 is correct