Question

Taniya borrowed 35,400 from a bank to buy a vehicle at a rate of 12% p.a. compounded annually. What
amount will she pay at the end of 2 years 3 months to clear the loan?​

Answer 1

Answer:

the answer is 200838.643

Answer 2

Answer:

44958

Step-by-step explanation:

35400 x 12 x 2 1/4

=--------------------------

            100

35400 x 12 x 9/4

=-----------------------

          100

35400 x 12 x 9

=--------------------

       100 x 4

=354 x 3 x 9 [After cancellations]

=9558

35400 + 9558 = 44958