A scooter was bought at rupees 42000 . Its value depreciated at the rate of 8% per annum. Find its value after one year
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Given:
Cost of Scooter= ₹42000
Rate of Depreciation: 8% per annum
To find its cost after one year:
cost - 8% cost of the scooter
=42000 - 8% of 42000
=42000 - 8/100 x 42000
=42000 - 336
=₹41664
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