mala borrowed 26400 rupees from a bank to buy a scooter at a rate of 15% per annum compounded yearly.what amount will she pay at the end of 2 years and 4 months to clear the loan
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rupees borrowed =26400
rate of interest =15%
time =2 years 4 months
calculation = 26400×15/100×24/10
=264×15×24/10
=264×3×24/2
=264×3×12
=9504+26400
=35904
rate of interest =15%
time =2 years 4 months
calculation = 26400×15/100×24/10
=264×15×24/10
=264×3×24/2
=264×3×12
=9504+26400
=35904
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