Ajay save se 50000 rupees every year and deposit the money in a bank at compound interest of 10% compounded annually what would be his total savings at the end of fifth year
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A=P(1+ R/100)^t
50000(1+10/100)^ 5
50000 ×110/100×110/100 ×110/100 ×110/100×110/100
=80525.5
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