Question

shobha purchased a scooter for rs 55000. if its value decreases by 8 % per year how much amount will she get if she sell it after 2 yrs??

Answer 1

Principal of scooter = Rs 55000
Value decrease per year = 8%
Time = 2 years
Amount of Scooter after 2 years
= 55000×(1-8/100)^2
= 55000×(92/100)×(92/100)
= 46552
She will get rs 46552 after selling the scooter after 2 years.
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