Value of a scooter depriciates in such a way that its value at the end of each year is 3/4th of its value at the beginning of the same year. if the initial value of scooter is 40,000, what is the value of the scooter at the end of 3 years.
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The value of the scooter at the end of the three years is 16875₹
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Given that The value of a scooter is depreciated such that its Value at the end of each year is 3/4th...
so 1 - x = 3/4
x = 1-3/4 = 1/4..
so depreciation= i = 1/4 = 25%
Given initial Value= P= 40000
No.of years for which scooter is put to use =n= 3 years..
so..
p(1-i)^n
=40000( 1 -25%)^3
=40000(1 - 0.25)^3
=40000( 0.75)^3
=40000(0.421875)
=16875....is the value of the scooter at the end of 3 years..
so 1 - x = 3/4
x = 1-3/4 = 1/4..
so depreciation= i = 1/4 = 25%
Given initial Value= P= 40000
No.of years for which scooter is put to use =n= 3 years..
so..
p(1-i)^n
=40000( 1 -25%)^3
=40000(1 - 0.25)^3
=40000( 0.75)^3
=40000(0.421875)
=16875....is the value of the scooter at the end of 3 years..
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