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Question
The cost of a scooter depreciates every year by 15% of its value at the beginning of the year. If the present cost of the scooter is ₹ 8,000; find its cost: after one year.
Solution
Present cost of scooter = Rs.8000
The cost of scooter depriciates by 15% every year
cost of scooter after one year
= `((100 - 15))/(100) xx 8000`
= `(85)/(100) xx 8000`
= Rs.6800
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