Question
Download Solution PDFThe value of a motorbike depreciates by 10% per annum. What will be the value of the motorbike after 36 months, if its current value is Rs. 1,00,000?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFData:
Initial value of the motorbike (V0) = ₹1,00,000
Annual depreciation rate (r) = 10%
Time (t) = 36 months = 3 years
Concept:
The value of an item after depreciation can be found using the formula
VF = VI × (1 - r/100)t.
Solution:
Step 1: Substitute given values into the formula and calculate:
⇒ V = ₹1,00,000 × (1 - 10/100)3 = ₹1,00,000 × 0.93 = ₹72,900
Hence, the value of the motorbike after 36 months will be ₹72,900.
Last updated on Jul 8, 2025
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