Question:
A scooter was bought at Rs \(42,000\). Its value depreciated at the rate of \(8\)% per annum. Find its value after one year.
A scooter was bought at Rs \(42,000\). Its value depreciated at the rate of \(8\)% per annum. Find its value after one year.
Updated On: Dec 1, 2023
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Solution and Explanation
\(Principal = Cost \;price \;of\; the \;scooter = Rs \;42,000\)
\(Depreciation\) = \(8\) % of \(Rs \;42,000\) \(per\; year\)
= \(Rs\) \(\bigg(42000 × 8 × \frac{1}{100}\bigg)\)
= \(Rs\) \(3360\)
Value after \(1\) year
= \(Rs\) \(42000 \)- \(Rs\) \(3360\)
= \(Rs\) \(38,640\)
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