Meera’s father decided to present a gift for her daughter. So he went to a shop look at the pair of skates at a sale for ₹9720 including 8% VAT, but he don’t have sufficient amount. He decided to borrow ₹10000 from his friend at 4% p.a. for 2 years compounded annually. Answer the following questions: (i) What is price of the pair of skates before VAT was added? *
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