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
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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
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