Question

motorcycle is it board for rupees 160000 its value depreciated at fixed rate every year what is the rate of depreciation of value of motorcycle after 2 years will be rupees 129600​

Answer 1

Answer:

The rate of depreciation for the motorcycle is 11%

Step-by-step explanation:

Let the rate of depreciation be r.

The value of the motorcycle after n years will be:

V = Original value × (1 - r)ⁿ

In our case:

n = 2 years

Original value = Rs 160000

Depreciated value (V) =  Rupees 129600

Doing the substitution we have:

129600 = 160000(1 - r)²

(1 - r)² = 160000/129600

(1 - r)² = 1.2456

Taking square root on both sides we have:

1 - r = 1.11111

r = 1 - 1.1111

r = -0.11

= 11%

The motorcycle depreciated at a fixed rate of 11%