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A scooter was bought at Rs.42,000 …

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A scooter was bought at Rs.42,000 . It value depreciat at the rate of 8% per annum . Find it value after one year

    • Posted by K Durgesh 5 years, 11 months ago

    CBSE > Class 08 > Mathematics
    • 1 answers

    Yogita Ingle 5 years, 11 months ago

    Given:

     Principal (P) =₹ 42,000, Rate of Interest (R) = 8%, Time (n) = 1 years

    Amount (A)  = P(1-R/100)^n

    [Value depreciated]

    A= 42000(1-8/100)¹

    A=42000(1-2/25)

    A= (42000×23)/25

    A= 1680× 23

    A= ₹ 38640

    Hence, the value of the scooter after one year = ₹ 38640.

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