Question

2. Kamala borrowed 26,400 from a Bank to buy a scooter at a rate of 15% p.a.
compounded yearly. What amount will she pay at the end of 2 years and 4 months to
clear the loan?
Hint: Find A for 2 years with interest is compounded yearly and then find SI on the
4
2nd year amount for years).
12​

Answer 1

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