a man deposits 1200 on the first day of every in bank paying 5 percent p. a. compound interest. the amount to his credit on the 10th day of the second year is. ?
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Answer:
answer will be Rs. 600
Step-by-step explanation:
Intrest: 1200, R: 5%, N: 10.
we know that,
I*R*N/100
1200*5*10/100
1200*50/100
1200/2
600.
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