Question

Ankur purchased a motorcycle for rupees 48000 if the cost of motorcycle is depreciating at the rate of 5% per annum calculate its cost after 2 years

Answer 1

first first we find out the 1% of 48000 be multiplied by hundred os 480 multiplying
by 5 so the answer is2400

Answer 2

Principal = 48000 rate = 5% time =2years

S. I. =prt/100

48000x5x2/100

S. I. =4800

Amount=P -S. I.

48000-4800

43200