Find the value of the motor cycle depreciates at the rate of 15% per year. What will be the value of the motor cycle 3 year hence, which is now purchased for ₹45,000.
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= Rs 45000 Depreciation = 15% for Rs 45000 = 45000 x (15/100) d = Rs 6750 since it is depreciation d = -6750 At the end of 1st year its value = Rs 45000 – Rs 6750 = Rs 38250, Again depreciation = 38250 x (15/100) = 5737.50 At the end of 2nd year its value = Rs 38250 – Rs 5737.50 = 32512.50 Again depreciation = 32512.50 x 15/100 = 4876.88 At the end of the 3rd year its value = 32512.50 – 4876.88 = 27635.63 ∴ The value of the automobile at the 3rd year = Rs 27636Read more on Sarthaks.com - https://www.sarthaks.com/938363/the-value-motorcycle-depreciates-rate-15-per-year-what-will-the-value-the-motorcycle-year
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