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# A Scooter Was Bought at Rs 42,000. Its Value Depreciated at the Rate of 8% per Annum. Find Its Value After One Year. - CBSE Class 8 - Mathematics

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ConceptApplications of Compound Interest Formula

#### Question

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

#### Solution

Principal = Cost price of the scooter = Rs 42,000

Depreciation = 8% of Rs 42,000 per year

= Rs ((42000 xx 8 xx 1)/100)

= Rs 3360

Value after 1 year = Rs 42000 − Rs 3360 = Rs 38,640

Is there an error in this question or solution?

#### APPEARS IN

NCERT Solution for Mathematics Textbook for Class 8 (2018 to Current)
Chapter 8: Comparing Quantities
Ex.8.30 | Q: 12 | Page no. 134
Solution A Scooter Was Bought at Rs 42,000. Its Value Depreciated at the Rate of 8% per Annum. Find Its Value After One Year. Concept: Applications of Compound Interest Formula.
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