Krishna purchased an old scooter for 8000 if it's cost after 2 years is 6480 what is the rate of depriciation
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Answered by
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Step-by-step explanation:
Let the rate of depreciation be r%.
According to question,
6480=8000((1-(r/100))^2)
or, 6480/8000=(1-(r/100))^2
or, 81/100=(1-(r/100))^2
or, (9/10)^2=(1-(r/100))^2
or, 9/10=1-(r/100)
or, 9/10=(100-r)/100
or, (9/10)*100=100-r
or, 90=100-r
or, r=10
Therefore, rate of depreciation in 10%.
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