a person has earned his income during the financial year 2017-2018 then his assessment year is
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Total investment = Rs 24,000 + Rs 56,000 = Rs 80,000
Rate of interest = 7.5%
Time = 3 years
Amount = P(1+R100)nP1+R100n
=80,000(1+7.5100)3=80,000(107.5100)3=80,000×1.242=99383.75=80,0001+7.51003=80,000107.51003=80,000×1.242=99383.75
Thus, the amount after 3 years will be Rs 99383.75
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