Kamala borrowed Rs26400 from a Bank to buy a scooter at a rate of 15%

1.	Kamala borrowed Rs26400 from a Bank to buy a scooter at a rate of 15% p.a. compoundedyearly. What amount will she pay at the end of 2 years and 4 monthsto clear the loan?(Hint: Find A for 2years with interest is compounded yearly and then find SI on the 2ndyear amount for years.)
Answer» Kamala borrowed Rs 26400 from a Bank to buy a scooter at a rate of 15% p.a. 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 2^nd year amount for years.)

Kamala borrowed Rs26400 from a Bank to buy a scooter at a rate of 15% p.a. compoundedyearly. What amount will she pay at the end of 2 years and 4 monthsto clear the loan?(Hint: Find A for 2years with interest is compounded yearly and then find SI on the 2ndyear amount for years.)

Answer»

Kamala borrowed Rs
26400 from a Bank to buy a scooter at a rate of 15% p.a. 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 2^nd
year amount for
years.)

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Kamala borrowed Rs26400 from a Bank to buy a scooter at a rate of 15% p.a. compoundedyearly. What amount will she pay at the end of 2 years and 4 monthsto clear the loan?(Hint: Find A for 2years with interest is compounded yearly and then find SI on the 2ndyear amount for years.)

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