A) Rs. 56700
B) Rs. 57600
C) Rs. 57500
D) Rs. 55700
Correct Answer: B
Solution :
[b] Value of motor bike depreciates at 4% every year. So, the price of motor bike now \[=62500\times \left( 1-\frac{4}{100} \right)\left( 1-\frac{4}{100} \right)\] \[=62500\times \left( 1-\frac{1}{25} \right)\left( 1-\frac{1}{25} \right)\] \[=62500\times \frac{24}{25}\times \frac{24}{25}=\text{Rs}\text{.}\,\,57600\] |
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