Question

Scooter was born at 50000 Its value depreciated at the rate of 8%per annum find its value after two years

Answer 1

p=$50000
r=8%
t=2 years

a=p (1+R÷100)raise to 2
50000 (1+8÷100)raise to 2
50000×108÷100×108÷100
a=58320

I=a - p
58320 - 50000
8320