Question

Tu
l upuunucu hal yently,
2. Kamala borrowed 26,400 from a Bank to buy a scooter at a rate of 15% pa.
compounded yearly. What amount will she pay at the end of 2 years and 4 months to
clear the loan?
(Hint: Find A for 2 years with interest is compounded yearly and then find SI on the
2nd year amount for 7 years).​

Answer 1

Answer:

rs.36432

Step-by-step explanation:

a=p(1+r/100)power 2 4/12

=26400(1+15/100) power 28/12

=26400(115/100)power 7/3

=26400(23/20)power 2.33

=26400×1.38

=36432