Question

A scooter was bought at Rs 70,000. Its value
is depreciated at the rate of 5% per annum.
Find its value after one year.​

Answer 1

Answer:

70000 - 5% of 70000

= 66500

Answer 2

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$\huge{\underline{\sf{\red{Required\:Answer:}}}}$

• 66500

Given :-

• P = Rs. 70,000.

Here,

5% is depreciated means decreased.

So,

• Rate = -5%

To Find :-

• Value of scooter after 1 year.

Solution :-

Formula used :-

• $\large\boxed{\underline{{\sf A = P( 1 + \dfrac{R}{100} ) ^{n} }}}$

Here,

➨ P = 70,000

➨ R = -5% p.a.

➨ n = number of years (1)

Putting values together :-

$:\implies\:$ $\sf{A = 70000(1 + \dfrac{ - 5}{100} ) ^{n} }$

$:\implies\:$ $\sf{70000(1 - \dfrac{ 5}{100} )}$

$:\implies\:$ $\sf{70000(\dfrac{ 100 - 5}{100} )}$

$:\implies\:$ $\sf{70000(\dfrac{ 95}{100} )}$

$:\implies\:$ $\sf{700 \times 95}$

$\sf:\implies \underline{\boxed{\green{\mathfrak{66500 }}}}$$\bigstar$

$\displaystyle\therefore\:\underline{\textsf{Value of scooter after 1 year is\textbf{ 6650}}}$

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