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A man buys a scooter on making a cash down payment of Rs. 16223 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 scooter - is:

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A man buys a scooter on making a cash down payment of Rs. 16223 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 scooter - is:






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