a) Given that Mr. Patel can save 70% of his salary every month and that his annual
savings amount is Rs. 28,4900, What is his monthly salary? [3]
b) Hetal invests Rs. 55000 for 7 years at a rate of 1.5 % per year compound interest.
Calculate how much interest she will receive after 7 years. Give your answer
correct to nearest rupee.
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Answer:
Mr.patel's monthly salary is Rs. 33,916.67
Hetal will recieve Rs. 6,041.47 interest after 7 years.
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