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Kamala borrowed Rs 26,400 from a Bank to...

Kamala borrowed Rs `26,400` 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 2nd year amount for `4/12` years).

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To solve the problem step by step, we will follow the hints provided in the question. ### Step 1: Calculate the Amount after 2 Years We will use the formula for compound interest to find the amount after 2 years. The formula is: \[ A = P \left(1 + \frac{R}{100}\right)^T ...
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