Question

a scooter was bought for 58000 its value depreciated at the rate of 8% per annum find its value after one year​

Answer 1

Answer:

Here, Principal (P) = Rs. 42,000, Rate of Interest (R) = 8%, Time (n) = 1 years. Hence, the value of scooter after one year is Rs. 38,640.

Step-by-step explanation:

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Answer 2

Answer:

The cost of scooter after one one year will be 53,360/-

Step-by-step explanation:

In the context of the given question;

we have to find the value of scooter after one year with depreciation rate of 8%

given;

Purchasing price for scooter = 58000/-

the rate of depreciation per annum = 8 %

It means after one year the price if the scooter are fallen by 8%

8% of 58,000 = 58,000 x 8/100  

depreciation cost = 4,640

So, the price of scooter is fallen by 4,640

The actual price of the scooter = price before one year - depreciation cost

= 58,000 - 4,640

= 53,360/-

therefore;

The cost of scooter after one one year will be 53,360/-