Question

scooter is bought at 60000 its value depreciates at the rate of 4% per annum what will be its value after 2 years​

Answer 1

Answer:

Hey mate here is the answer

Step-by-step explanation:

present value=60000

rate of depreciation=4%

time=2years

value of the scooter after two years=60000*(1-4/100)^2

=60000*(1-1/25)^2

=60000*(25-1/25)^2

=60000*(24/25)^2

=60000*576/625

=55296

Therefore the value of the scooter after two years will be ₹55,296.

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