The value of a scooter depreciates in such a way that its value of the end of each year is 3/4 of its value of the beginning of the same year. If the initial value of the scooter is Rs.40,000, what is the value at the end of 3 years ?
Rs.13435
Rs.23125
Rs.19000
Rs.16875
Explanation:
40,000(3/4)3=16875