Dinesh purchased a scooter for Rs 24000. The value of the scooter is depreciating at the rate of 5% per annum. Calculate its value after 3 years.
Answers
Answer:
Rs 20577 will be price of scooter after 3 years.
Step-by-step explanation:
Since:
The decrease in value of Scooter every year is 5 percent
The value of scooter = 24000
The 5 percent of 24000 = (5/100)×24000
= 1200
So
The value of scooter after one year = 24000 - 1200 = 22800
The 5 percent of 22800 = (5/100)×22800 = 1140
So
The value of scooter after Two years = 22800 - 1140 = 21660
The 5 percent of 21660 = (5/100)×21660 = 1083
So
The value of Scooter after three years = 21660 - 1083
= 20577
Rs 20577 will be price of scooter after 3 years.
Answer:
Rs 20577
Step-by-step explanation:
Dinesh purchased a scooter for Rs 24000. The value of the scooter is depreciating at the rate of 5% per annum. Calculate its value after 3 years.
Value depreciated in 1 st year
= (5/100) * 24000 = Rs 1200
Value after 1 at year = 24000 - 1200 = Rs 22800
Value depreciated in 2nd Year = (5/100) * 22800 = Rs 1140
Value after 2nd Year = 22800 - 1140 = Rs 21660
Value depreciated in 3rd year = (5/100)* 21660 = Rs 1083
Value after 3rd year = 21660 - 1083 = Rs 20577