Q. 84.4( 8 Votes )

Vicky borrowed Rs. 26,400 from a bank to buy a scooter at the rate of 15% p.a. compounded yearly. What amount will he pay at the end of 2 years and 4 months to clear the loan?

Answer :

Capital = 26,400

Rate of interest = 15%

Time = 2 years

Amount =


= 36,659.7

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