Question

*. Harshit purchased a new motorcycle for 75,000 which depreciated every year by 8 %. Calculate the value
of the motorcycle after 3 years of purchase. Also find the total reduction in the value of the motorcycle.
​

Answer 1

Answer:

Step-by-step explanation:

Price of motorcycle = ₹75000

Depreciated percentage = 8%

Number of years from purchase = 3 years

Amount depreciated every year = Price of motorcycle/Depreciated percentage*100

= 75000/8*100

= 750*8

= ₹6000

Amount depreciated after purchase = Price depreciated every year*Number of years after purchase

= 6000*3

= ₹18000

Total price depreciated of the motorcycle after the purchase = Price of motorcycle - Price depreciated after number of years of purchase

= 75000 - 18000

= ₹57000