Question
A man invested Rs.45000 in a fixed
deposit scheme for 3 yrs at CI of 12% p.a. How much will a man get on maturity of the fixed deposit?Solution
A = [1+ r/t ]t A = 45000[1+ 12/100 ]3 A = 45000 [ 112/100 ]3 A =45000 X112/100 X112/100 X112/100 = Rs.63221.76
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