A man buys a scooter on making a cash down payment of Rs. 16224 and pr – McqOptions

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1.	A man buys a scooter on making a cash down payment of Rs. 16224 and promises to pay two more yearly installments of an equivalent amount in the next two years. If the rate of interest is 4% per annum, compounded yearly, the cash value of the scooter, is
A.	Rs. 46000
B.	Rs. 50000
C.	Rs. 40000
D.	Rs. 46824
Answer» E.

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