Question

Solve :
Nitesh purchased a scooter for
62,000. Its value depreciated at
11.5% pa. Find its value after
2 years.​

Answer 1

Answer:

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Answer 2

Answer:

Rs. 48559.95 is the correct answer.

Step-by-step explanation:

Purchased a scooter for Rs. 62,000.

Depreciated at 11.5% pa.

value after 2 years.= ?

Depreciated Formula= $P (1-r/100)^{n}$

By substituting the values,

=$62000 (1-11.5/100)^{2}$

=$62000 (1- 2.3/20)^{2}$

=$62000(20-2.3/20)^{2}$

=$62000 (17.7/20)^{2}$

=$62000$×$17.7/20$ ×$17.7/20$

= $155$×$17.7$×$17.7$

= $48559.95$

Therefore, the value after 2 years is Rs. 48559.95

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