Saved Bookmarks
| 1. |
A scooter was bought at Rs 42,000. It's value depreciated at the rate of 8% per annum. Find it's value after one year. |
|
Answer» Rs 38640Step-by-step explanation:Given:Cost of scooter is Rs 42000.Value of scooter DEPRECIATED by 8% per annum.To Find:What will be the value after ONE year ?Solution: Here we havePrincipal = Rs 42000Rate = 8% per annum.Time = 1 yearUsing formulaAmount = Principal (1 – Rate/100)ⁿ(–) because the value decreasing. A = 42000(1 – 8/100)¹ A = 42000(100 – 8/100) A = 42000(92/100) A = 420 × 92 A = 38640Hence, the value after one year will be Rs 38640.[ Another method ]C.P is Rs 42000.Value is decreasing by 8% per year.∴ Value of scooter after 1 year will be➮ 42000 – 8% of 42000➮ 42000 – (8/100 × 42000)➮ 42000 – (8 × 420)➮ 42000 – 3360➮ 38640Hence, the value after one year will be Rs 38640. |
|