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Question -

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



Answer -

Given: Cost price of the scooter = ₹ 42,000
Rate of depreciation = 8% p.a.
Time = 1 year
Final value of the scooter

Hence, the value of scooter after 1 year = ₹ 38,640.

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