Question

Rahul's father gifted him a motorcycle on his 21st birthday. The motorcycle was
bought at Rs 52000. After using it for two years, Rahul decided to sell it. The dealer
told him that its value has depreciated at the rate of 8% per annum. What will be the
price, the dealer will be giving him for the bike?

Answer 1

Answer:

Price decreased on first year he used

$52000 \times \frac{92}{100} = 520 \times 92 \\ = 47840$

Amount he will get

$47840 \times \frac{92}{100} = 44012.8$

So he will get rs 44012.8

Answer 2

Answer:

Answer is Rs 40491.76

Hope this answer helps you alot