SSC CGL Tier II 21 Sep 2014 Paper

Question : 94 of 100

Marks: +1, -0

Two years ago, the value of my motorbike was ₹ 62500. If the value depreciates by 4% every year, now its value is

Solution:

(2) Present worth of bike

= {P} (1- { {R}}/{100} )^{ {T}}

=62500 (1- {4}/{100} )^{2}

=62500 (1- {1}/{25} )^{2}

=62500 ( {25-1}/{25} )^{2}

= {62500 × 24 × 24}/{25× 25}

= Rs. 57600

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