Question

A scooter was brought at rupees 42000 it's value
depreciated at the rate of 8% per annum
find its value after 2 years​

Answer 1

Answer:

: Value of scooter after one year = Rs 38,640

Step-by-step explanation:

Scooter was bought for 42000

So, P = 42000

Here, 8% P.A is depreciated

Depreciated means value is decreased.

So, we Put a Minus Sign in Rate

.. Rate = -8%

Since the rate is compounded,

we use the formula

A= P (1+r/100)n

Here P = 42000

R=- 8% P.A

n = Number of Years

n=1

Putting values in formula

A = 42,000 (1+ -8/100) 1

= 4200 (1-8/100)

= 4200 (100-8/100)

=4200 (92/100)

=420 x 92

= 38460

: : Value of scooter after one year = Rs 38,640 Rs 38,640