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31 vote

Two years ago, the value of my motorbike was Rs.62500. if the value deprreclates by 4% every year, now its value is

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Two years ago, the value of my motorbike was Rs.62500. if the value deprreclates by 4% every year, now its value is
1). Rs.56700
2). Rs.57600
3). Rs.57500
4). Rs.55700

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2 answers

17 vote
Answered by on | Votes 17 |
Hello, Rs.57600 is correct

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25 vote
Answered by on | Votes 25 |

Here is the right answer

Present worth of bike
= P$1+\frac{R}{100} ^{T}$

$\frac{62500\times 24\times 24}{25\times25}$

= 57600




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