A sum of Rs 40,000 is invested at 10% p.a. compound interest for 3 years. In the first two years the
interest is reckoned yearly and then it is reckoned half-yearly.
vearly. Find the amount after 3 years.
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The approx returns on investing Rs.40,000 for 3 years with 10% rate of interest will be 53,927.
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