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Scooter was bought for 42000
So, P = 42000
Here, 8% P.A is
Depreciated means value is decreased.
So, we Put a Minus Sign in Rate..
Rate = -8%Since the rate is compounded,
we use the formula :-
here p = 42,000
R = - 8% P.A
- 8% P.An = Number of Years
n = 1
Putting values in formula :-
= 420 x 92
= 38,640
:. Value of scooter after
one year = Rs 38,640
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