the present price of a motorcycle is Rs 2,25,000 if its price is depreciation per year by 8% after how many years will the be the price of the motorcycle be Rs 1,75,204 2004.80 find it Ans
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3 years
Step-by-step explanation:
It is depreciating at a rate of 8%
So, 225000 * {100-8}/100
= 22500 * 92/100
=207000
Because we did not reach 175204.80 we repeat till we get so...
207000 * 92/100
=190440
Again repeat....
190440 * 92/100
=175204.80
We reached there and we multiplied 3 times . So, the ans. is 3 years
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