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?
Capital = 26,400
Rate of interest = 15%
Time = 2
years
Amount = ![]()
= ![]()
= 36,659.7
Couldn't generate an explanation.
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