Maya deposited a sum of 40,000 in a bank at 5% per annum for 2 years compounded annually. After receiving the amount at the end of 2 years, she purchased a TV worth 15,000 with 8% sales tax charged on it.
BANK
Find the amount received by Maya at the end of 2 years.
Find the interest amount at the end of 2 years.
Find the amount she paid for purchasing the TV.
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