Question

Ascooter was bought at Rs 42,000. Its value depreciated at the rate of 8% per annum.
Find its value after one year,​

Answer 1

Step-by-step explanation:

P = 42,000 r = 8%

A = P ( 1 - r/100)¹

=> A = 42000 ( 1 - 8/100)¹

=> A = 42000 ( 1 - 2/25)

=> A = 42000 × 23/25

=> A = Rs 38,640