A man buys a scooter on making a cash payment of ₹16,224 and promises to pay two more yearly instalment of equivalent amount in the next two years. If the rate of interest is 4% per annum compounded yearly, what is the cash value of the scooter?

Options

A

₹40,800

₹40,800

B

₹46,824

₹46,824

C

₹30,000

₹30,000

D

₹46,000

₹46,000

Solution:

Correct Answer:

B

₹46,824

Question

A man buys a scooter on making a cash payment of ₹16,224 and promises to pay two more yearly instalment of equivalent amount in the next two years. If the rate of interest is 4% per annum compounded yearly, what is the cash value of the scooter?

Options

A

₹40,800

B

₹46,824

C

₹30,000

D

₹46,000

Solution:

Correct Answer:

B

₹46,824

Accepted Answer

B

₹46,824

EasyAbhyas

AAI ATC 22: Shift 2

Question 1

Options

Solution:

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