an old lady deposited one rupee with a shopkeeper on interest . The interest rate told to her was to make her money double every year . after fifteen years she demanded back her money . how much should she get?
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The value of an imperfect note may be paid for full value/half value under rules as specified in Part III of Reserve Bank of India (Note Refund) Rules, 2009 [As amended by Reserve Bank of India (Note Refund) Amendment Rules, 2018]
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Answer:
An old lady deposited = 1 rupee
her money doubled every year then after fifteen years her money Will be 15×2=30
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