Question

A scooter was bought at rupees 42000 . Its value depreciated at the rate of 8% per annum. Find its value after one year ​

Answer 1

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