A scooter was bought at Rs42,000. Its value depreciated at the rate of 8% per annum. Find its value after one year.

Here, Principal (P) = Rs.42,000, Rate of Interest (R) = 8%, Time, n = 1 years

Amount(A) = 

=Rs.38,640

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