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A scooter was bought at Rs. 42,000. Its value depreciated at the rate of 8% per annum. Find its value after one year.

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A scooter was bought at Rs. 42,000. Its value depreciated at the rate of 8% per annum. Find its value after one year.
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Here, Principal (P) = Rs. 42,000, Rate of Interest (R) = 8%, Time (n) = 1 years

Hence, the value of scooter after one year is Rs. 38,640.

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