Class 8 Exam > Class 8 Questions > A scooter was bought at Rs. 42,000. Its value...
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A scooter was bought at Rs. 42,000. Its value depreciated at the rate of 8% per annum what is its value after one year?
- a)Rs. 40640
- b)Rs. 38,640
- c)Rs. 39,640
- d)None of these
Correct answer is option 'B'. Can you explain this answer?
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A scooter was bought at Rs. 42,000. Its value depreciated at the rate ...
Value of scooter after one year
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A scooter was bought at Rs. 42,000. Its value depreciated at the rate ...
Given:
- Cost of scooter = Rs. 42,000
- Depreciation rate = 8% per annum
To find:
- Value of the scooter after one year
Solution:
Step 1: Calculate the depreciation amount
Depreciation is the decrease in value of an asset over time. In this case, the scooter depreciates at a rate of 8% per annum.
Depreciation amount = (Depreciation rate/100) * Cost of the scooter
Depreciation amount = (8/100) * 42,000
Depreciation amount = 3,360
Step 2: Calculate the value of the scooter after one year
The value of the scooter after one year can be calculated by subtracting the depreciation amount from the cost of the scooter.
Value of the scooter after one year = Cost of the scooter - Depreciation amount
Value of the scooter after one year = 42,000 - 3,360
Value of the scooter after one year = 38,640
Therefore, the value of the scooter after one year is Rs. 38,640.
Answer: The correct answer is option B) Rs. 38,640.
- Cost of scooter = Rs. 42,000
- Depreciation rate = 8% per annum
To find:
- Value of the scooter after one year
Solution:
Step 1: Calculate the depreciation amount
Depreciation is the decrease in value of an asset over time. In this case, the scooter depreciates at a rate of 8% per annum.
Depreciation amount = (Depreciation rate/100) * Cost of the scooter
Depreciation amount = (8/100) * 42,000
Depreciation amount = 3,360
Step 2: Calculate the value of the scooter after one year
The value of the scooter after one year can be calculated by subtracting the depreciation amount from the cost of the scooter.
Value of the scooter after one year = Cost of the scooter - Depreciation amount
Value of the scooter after one year = 42,000 - 3,360
Value of the scooter after one year = 38,640
Therefore, the value of the scooter after one year is Rs. 38,640.
Answer: The correct answer is option B) Rs. 38,640.
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A scooter was bought at Rs. 42,000. Its value depreciated at the rate ...
Use compound interest formula
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A scooter was bought at Rs. 42,000. Its value depreciated at the rate of 8% per annum what is its value after one year?a)Rs. 40640b)Rs. 38,640c)Rs. 39,640d)None of theseCorrect answer is option 'B'. Can you explain this answer?
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