Ramesh bought a scooter for Rs. 36000. After 2 years, he wanted to sell it. To his surprise, the value of the scooter after two years, was only Rs 29160. With the given information, answer the following questions: (i) The value of the scooter has decreased. What is the decrease in value called? (a) Compound interest (b) Simple interest (c) Appreciation (d) Depreciation. (ii) How much is the cost of the scooter reduced? (a) Rs. 6480 (b) Rs. 6840 (c) Rs 4640 (d) Rs 6250 (iii) What is the rate of depreciation? (a) 8% (b) 9% (c) 10% (d) 12% (iv) If Krishna had deposited Rs. 36000 in the bank, what would be the amount at 10% per annum compounded for 2 years? (a) Rs. 43560 (b) Rs 54362.22 (c) Rs 48323.20 (d) Rs. 49322.22
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(i)a, ii,b
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