Amount received by Veeru after 3 years of investment = (3950 × 20 × 3)/100 + 3950 = Rs. 6320 Therefore, sum invested by Veeru at compound interest = Rs. 6320 Amount received by Veeru at the end of 5 years = 6320(1 + 0.2)2 = Rs. 9100.8
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Consider the following statements with respect to the sub-schemes been launched by the Ministry of MSME under the RAMP Programme-
I.The first sch...
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