Ahmed purchase an old Scooter for rupees 16000. If the cost of the scooter after 2 years depreciates to 14440 , find the rate of depreciation.
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price = 16000
price(after 2 years)=14440
loss = 16000-14440
= 1560
rate of depreciation= 1560/16000 * 100
= 9.75%
price(after 2 years)=14440
loss = 16000-14440
= 1560
rate of depreciation= 1560/16000 * 100
= 9.75%
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