Question
A man invested Rs.75000 in a fixed deposit scheme for 3
yrs at CI of 8% p.a. How much will a man get on maturity of the fixed deposit?Solution
A = [1+ r/t ]t A = 75000[1+ 8/100 ]3 A = 75000 [ 108/100 ]3 A =75000 X108/100 X108/100 X108/100 = Rs.94478.4
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