The value of scooter depreciates in such a way that it value at the end of each year is 3/4 of its value at the beginning of the same year. If the initial value of the scooter is rs.40000.what is the value at the end of 2 years
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Answer:
the value at the end of 2 years = Rs 22500
Explanation:
The value of scooter depreciates in such a way that it value at the end of each year is 3/4 of its value at the beginning of the same year. If the initial value of the scooter is rs.40000.what is the value at the end of 2 years
Value of Scooter in beginning = Rs 40000
Value at the end of 1 st year = (3/4) * 40000 = Rs 30000
Value at the end of 2nd year = (3/4) * 30000 = Rs 22500
the value at the end of 2 years = Rs 22500
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