Question

The value of a motor cycle 2 years ago was ₹ 70000. It depreciates at the rate of 4%

p.a. Find its present value.​

Answer 1

Answer:

2800

Step-by-step explanation:

percent means per 100

therefore 4% = 4 / 100 = 0.04

so the final rate = 4/100*70000

therefore 4/100 (0.04)*70000= 2800

hope it was helpful :D