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ramu

· started a discussion

· 1 Months ago

Abt sol (Question: 378707.0 )

Why u are taking 16224 as
Instalment

Question:

A man buys a scooter on making a cash down payment of Rs.16224 and promises to pay two more yearly installments of equivalent amount in next two years. If the rate of interest is 4% per annum, compounded yearly, the cash value of the scooter, is:

Options:
A)

Rs.40000

B)

Rs.46824

C)

Rs.46000

D)

Rs.50000

Solution:

Ans: (b)

  

ramu

· commented

· 1 Months ago

Sorry i have't read the que properly
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