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.
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Principal = Cost price of the scooter = Rs 42,000 Depreciation = 8% of Rs 42,000 per year
= Rs (42000 x 8 x 1/100)
= Rs 420 x 8 x 1 = Rs 3360
Value after 1 year = Rs 42000 − Rs 3360 = Rs 38,640
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let that price be x
According to Questions
x=42000-42000*(8/100)
x=42000-2560
x=39,440.
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