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Question

Mathematics Question on Compound Interest

A scooter was bought at Rs 42,00042,000. Its value depreciated at the rate of 88% per annum. Find its value after one year.

Answer

Principal=Cost  price  of  the  scooter=Rs  42,000Principal = Cost \;price \;of\; the \;scooter = Rs \;42,000
DepreciationDepreciation = 88 % of Rs  42,000Rs \;42,000 per  yearper\; year
= RsRs (42000×8×1100)\bigg(42000 × 8 × \frac{1}{100}\bigg)
= RsRs 33603360
Value after 11 year
= RsRs 4200042000 - RsRs 33603360
= RsRs 38,64038,640