Answer :

Principal (P) = 26400

Rate of interest (R) = 15%


Time period (T) = 2 years and 4 months


Amount for 2 years,




= 26400×1.152


= Rs. 34914


Amount for 2 year = Rs. 34914


Interest for remaining 4 months =


= 1745.70


Total amount for 2 years and 4 months = Rs. 34914 + 1745.70


= Rs. 36659.70


The total amount to clear the loan is Rs. 36659.70


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