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Question
The cost of a scooter depreciated by Rs 5100 during the second year and by Rs 4,335 during the third year. Calculate
Solution
The oost of the soooter at the end of the third year.
Here, P =Rs 40,000; r = 15 % ; t = 3 years
`"A" = "P" (1 + "r"/100)^"n"`
`"A" = "Rs" 40000 (1 - 15/100)`
A= Rs 40, 000 x 0.85 x 0. 85 x 0.85
A= Rs 24,565
Cost of the soooter at the end of third year = Rs 24,565
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