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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
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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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