Mohan purchased a scooter for rupees 30,000 and its value is depreciating at the rate of 25%per year. Find the value of scooter after 3 years
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Answer:
P= 30,000
Rate = 25%
time = 3years
S. I. =PRT /100
= 30,000 25 3 /100
= 22,500
total amount = p+SI= 30,000+22,500 =52,500
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