Question 69

The value of a motorcycle depreciates every year by 4%. What will be its value after 2 years, if its present value is $$₹ 75,000$$?

Solution

Given,

Present value of motorcycle = $$₹ 75,000$$

The value of a motorcycle depreciates every year by 4%

The value of the motorcycle after 1 year = $$\frac{96}{100}\times75000=72000$$

The value of the motorcycle after 2 years = $$\frac{96}{100}\times72000=69120$$

Hence, the correct answer is Option A

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