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The

By Emma

[tex] \large \{ \overbrace {\underbrace{ \bold {\pmb { \: \: \blue{ QU ESTION } \: \: }}}} \}[/tex]

The price of a scooter depreciates by 2% of its value at the beginning of each year. Find the sale value of the scooter after 3 years , if it’s present sale value is ₹12000.​

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Emma

2 thoughts on “[tex] \large \{ \overbrace {\underbrace{ \bold {\pmb { \: \: \blue{ QU ESTION } \: \: }}}} \}[/tex]<br /><br /><br />The”

  1. GIVEN

    • Principal value = 12000
    • Interest rate = 2%
    • Time = 3 years

    TO FIND

    • Sale value of the scooter

    Formula Used

    A = P(1 − r/100)ⁿ

    Where,

    • P = Principal value
    • r = Interest rate
    • n = Time

    CALCULATION

    Putting the value into the formula

    • A = 12000 (1 − 2/100)³
    • A = 12000 × (98/100)³
    • A = 12000 × 0.941192
    • A = Rs. 11294.3

    ‡ The sale value of the scooter is Rs 11294.3

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