Afridi purchased an old scooter for Rs.16000. If the cost of scooter after 2 years depreciates to Rs.14440, find the rate of depreciation.

Explanation

To find the rate of depreciation of the scooter, we can follow these steps:

### Step 1: Identify the original cost and the depreciated value
- Original cost of the scooter (C) = Rs. 16,000
- Value after 2 years (V) = Rs. 14,440

### Step 2: Calculate the amount of depreciation
- Depreciation (D) = Original cost - Value after 2 years
...