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515

Q:

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 50 scooter, is:

  • 1
    Rs. 40000
  • 2
    Rs. 46824
  • 3
    Rs. 46000
  • 4
    Rs. 50000
  • Show Answer
  • Workspace

Answer : 2. "Rs. 46824 "

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