A scooter depreciates at $10\%$ per year. If its current value is Rs. $40{,}000$, its value after $2$ years…

A scooter depreciates at $10\%$ per year. If its current value is Rs. $40{,}000$, its value after $2$ years will be
  1. Rs. $32{,}000$
  2. Rs. $32{,}400$
  3. Rs. $34{,}000$
  4. Rs. $36{,}000$

Solution

Depreciation: $V = 40000 \times (0.90)^{2} = 40000 \times 0.81 = 32400$.

Asked in: IMO

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