Question

A Scooty is bought for 16000. If it's value depreciates at a fix rate every year,what is
the rate of depreciation if the value of scooty after two years is 12,960​

Answer 1

Answer:

10%

Step-by-step explanation:

Value of scooter when it was bought = 16000

Rate of depreciation = 10%

1st yr = 16000-10% = 14400

2nd yr = 14400-10% = 12960