Question

Year.

Jeevan buys a bike for Rs 200000. At the end of 1 year, the value of the bike has depreciated by 15 percent.How much is the bike now worth?​

Answer 1

Rs.170000

Explanation:

Given data

Cost price of bike= Rs 200000

Time= 1 year

Rate of depreciation= 15%

Let us apply the formula for depreciation

A=P(1-r)^t

A= 200000(1-0.15)^1

A= 200000(0.85)^1

A= 200000*(0.85)^1

A= 200000*(0.85)

A=Rs.170000

Hence the value of the bike will be Rs.170000