The price of the scooter depreciates by 2% of it's at the beginning of each year. Find The sale value of the scooter after 3 years , if it's present sale value is Rs 12000.

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Solution:

⇨Given
⇨p=12000
⇨r=2%
⇨n=3 years
⇨The sale value of the scooter after 3 years will be

        

 Rs

⇨value of scooter=11294.304 Rs