Question

the present value of bike is ₹64000.if it depreciates at the rate of 2.5paise per rupee per anum,what is the value of bike after 3 yrar​

Answer 1

Answer:

59319/-

Step-by-step explanation:

Acc to given condition, for every 1 rupee, there will be a reduce of 2.5 paise every year....which means 2.5% is reducing.......

hence

1st yr bikeprice is

64000 - 2.5% of 64000 = 62400/-

2nd year bike price is

62400 - 2.5% of 62400 = 60840/-

3rd year bike price is

60840 - 2.5% of 60840 = 59319/-