Question

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

Answer 1

$Principal = Cost \;price \;of\; the \;scooter = Rs \;42,000$
$Depreciation$ = $8$ % of $Rs \;42,000$ $per\; year$
= $Rs$ $\bigg(42000 × 8 × \frac{1}{100}\bigg)$
= $Rs$ $3360$
Value after $1$ year
= $Rs$ $42000$- $Rs$ $3360$
= $Rs$ $38,640$