kamala borrowed 26400 form a bank to a buy a scooter at a rate of 15% per annum compounded yearly. what6 amount will she pay at the end of 2 years and 4 months to clear the loan
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p=26400
r=12%pa
n=2years 4months = 2 ⅓ years
A =p(1+r)ⁿ
=26400 ×(1+ 0.12)^(2+ ⅓)
= 26400× 1.12² ×(1+ ⅓×0.12)
= 26400× 1.2544× 1.04
=33447.32/-
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