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).
Answers
Answered by
0
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
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