The cost of a scooter is Rs. 60000. Its price is depreciating at the rate of 10% per annum. What will
be its price after two years?
Answers
Answered by
0
Answer:
The cost of scooter after 2 years will be ₹72,000.
Step-by-step explanation:
Given :
- Cost of scooter - ₹60,000
- Rate - 10%
To find :
- Price of scooter after 2 years?
Solution :
Total Interest = 60,000 × 10 × 2/100
= 12,000
Total Interest = 12,000 + 60,000 = 72,000
Total Amount = 72,000
Ans.: Cost of scooter after 2 years will be ₹72,000
Answered by
0
Answer:
Present value=Rs.60,000.
Value depriciates 10% per year.
Value after two years=Rs.60,000(1−
100
7
)
2
=Rs.51,894
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