Answer:
Rs.170000
Step-by-step explanation:
Given data
Cost price of bike= Rs 200000
Time= 1 year
Rate of depreciation= 15%
Let us apply the formula for depreciation
A=P(1-r)^t
A= 200000(1-0.15)^1
A= 200000(0.85)^1
A= 200000*(0.85)^1
A= 200000*(0.85)
A=Rs.170000
Hence the value of the bike will be Rs.170000
