Question
A man invested Rs.22000 in a fixed deposit scheme for 3
yrs at CI of 5% p.a. How much will a man get on maturity of the fixed deposit?Solution
A = [1+ r/t ]t A = 22000[1+ 5/100 ]3 A = 22000 [ 105/100 ]3 A =22000 X105/100 X105/100 X105/100 = Rs.25467.75
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