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A scooter was bought at Rs. 42,000. Its value depreciated at the rate of 8% per annum. Find its value after one year.

Aniket Singh , 11 Months ago
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anser 1 Answers
Askiitians Tutor Team

To find the value of the scooter after one year, we need to calculate the depreciation on its original price.

Step 1: Determine the depreciation amount
The depreciation rate is 8% per annum. So, the depreciation for the first year is:

Depreciation = (Original Price) × (Depreciation Rate)

Depreciation = 42,000 × 8/100 = 42,000 × 0.08 = 3,360

Step 2: Subtract the depreciation from the original price
After one year, the value of the scooter will be:

Value after 1 year = Original Price - Depreciation

Value after 1 year = 42,000 - 3,360 = 38,640

Final Answer:
The value of the scooter after one year is Rs. 38,640.

Last Activity: 11 Months ago
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