The price of a scooter was Rs. P in 2004. Its price was depreciated at R% yearly. What
would be the price of scooter in the year 2009
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Answered by
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Step-by-step explanation:
We have, V
o
= Initial value =Rs. 2004
R= Rate of depreciation =8% p.a
∴ Value after 1 year =V
o
(1−
100
R
)
=Rs.[42000×(1−
100
8
)]
=Rs.(42000×
100
92
)=Rs.38640
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