What will be the Motorbike Value? If

Two years ago, the value of my motorbike was ₹ 62500. If the value depreciates by 4% every year, now its value is

  1. ₹ 56700
  2. ₹ 57600
  3. ₹ 57500
  4. ₹ 55700
Manish Listener Asked on 16th July 2015 in Maths.
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1 Answer(s)

Answer: (2) Rs.57,600
Explanation:-
According to the question,
The value of my motorbike = Rs.62500
The depreciate by 4%.
Then, the value of motorbike = 62,500 x (100 – 4)/100
= 62,500 x 96/100
= Rs.60,000
Next year, the value of motorbike depreciate by 4%,
Then, the value of motorbike = 60,000 x 96/100
= Rs.57,600
Hence, the answer is (2) Rs.57600.

Anurag Mishra Professor Answered on 16th July 2015.
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