The present value of a scooter is rs.15360 and each year it depreciates 25/2% of its value.find the value before 3 years.
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PERCENTAGE OF DEPRECIATION ; 25/2%
PRESENT VALUE ; RS 15360
AMOUNT OF ONE YEAR;25/2/100 X 15360 = RS 1920
THEREFORE, VALUE OF SCOOTER 3 YEARS BEFORE = 15360+( 3 X 1920)
=RS 21,120
I ADDED (3 X 1920) BECAUSE THEY ASKED FOR VALUE 3 YEARS BEFORE . IF THEY ASKED FOR 3 YEARS LATER THEN SUBTRACT (3 X 1920)
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