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| Q.13 | 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? | |
| Ans | 1. ₹46,000 | |
| 2. ₹40,800 | ||
| 3. ₹30,000 | ||
| 4. ₹46,824 |
Correct Ans: 4
