Kamla borrow 26400 from a bank to buy a scooter at the rate of 15% compound yearly.what amount will she be at the end of 2 years and 4 months to clear the loan
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Given,
P= 26400
R=15%
T=n= 2yrs4mon
A = P(1+R/100)n
A=24600(1+15/100)2/3
A=24600(1+3/20)2/3
A=24600(23/20)2/3
A=24600×23/20×2/3
A=18860
P= 26400
R=15%
T=n= 2yrs4mon
A = P(1+R/100)n
A=24600(1+15/100)2/3
A=24600(1+3/20)2/3
A=24600(23/20)2/3
A=24600×23/20×2/3
A=18860
Abdullah832689:
Wrong answer
Correct answer is 36659.70
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