Question 70

The price of a scooter which was bought for ₹84,000 depreciates at the rate of 10% p.a. Find its price after 2 years?

Solution

The price of a scooter which was bought for ₹84,000 

Rate =10% p.a. Time = 2 years

Depriciated amount after 2 years $$=P(1-\frac{R}{100})^n$$

$$=84000(1-\frac{10}{100})^2$$

$$=₹ 68040$$

Option B is correct.


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