Question

mohan purchased a scooter for 30000rs and its value is depreciating at the rate of 25% per year. find the value of scooter after 3 years​

Answer 1

30000(1-25/100)3

12756.25

Answer 2

Answer:

12656.25

Step-by-step explanation:

Since:

Value of scooter = 30000

There is 25%  decrease in value of Scooter every year

The 25 % of 30000= (25/100) × 30000

                                         = 7500

The value of scooter after one year = 30000 - 7500 = 22500

Similarly,

The 25 % of 22500 = (25/100) × 22500 = 5625

Hence, the value of scooter after Two years = 22500 - 5625= 16875

The 25 % of 16875 = (25/100) × 16875 = 4218.75

Hence,

The value of Scooter after three years = 16875 - 4218.75

                                                                = 12656.25