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A person purchased a scooter for 16,224 ...

A person purchased a scooter for 16,224 cash down payment and in 2 equal annually installment of 16224 each. If rate of interest is 4% compound interest find out the cash price of the scooter.

A

`Rs 40000 `

B

`Rs. 46824 `

C

`Rs. 46000 `

D

`Rs. 50000 `

Text Solution

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The correct Answer is:
B
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