A scooter was purchased at Rs. 40,000. Its value depreciate at the rate of 5% per annum. Find the value of the scooter after two years..
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Answer:
Cost of scooter = 40,000
Rate of Depreciation = 5%
Value of scooter after 2 years = 40,000 x 5/100 x 2
= 4000 Rs.
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