Two years ago the value of my motorbike was Rs 62500 If the value decreases by 4 every year now its ...........

Quantitative Aptitude ( CCS) Compound Interest

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

Rs. 56700

Rs. 57600

Rs. 57500

Rs. 55700

Rate of depreciation = 4% = 1/25
year value at the beginning value at the end
1 25 ------- 24
2 625 ------- 576

625 units = 62500
1 unit = 100
576 units = 57600
present value of motor bike = Rs. 57600

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