Question

kunal borrowed Rs 26,400 from a bank at 15% p.a. compounded yearly. what amount will he pay at the end of 2 years and 4 months to clear the loan?

Answer 1

here
P=26400
r=15/3=5%
t=7 quarterly
A=P (1+r/100)^7
on solving this eq we get the value of A