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

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

Grade:12

1 Answers

Harshit Singh
askIITians Faculty 5964 Points
8 months ago
Dear Student

Principal = Cost price of the scooter =₹42,000
Depreciation = 8% of₹42,000 per year
= P x R x T​
100
=42000×8×1
100
=₹3360

Thanks

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