Biswa decided to save money for a trip. He was checking some investment options for saving, but his friend Kalia suggested to check if he is interested in compound interest. Biswa found a bank that offers 6% compound interest calculated on a half-yearly basis. To know in detail, Biswa planned to deposit Rs. 20000 each on 1st of January and 1st of July of that same year. But Biswa is not that great at Math! Can you help him know, what amount he would have gained through interest by the end of the year?
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Q).Write a letter to the younger brother advising him about his future career.
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5, Rosewood,
Four Bungalows,
Andheri (W)
Mumbai-400053
15th March 2013
Dear Ramesh,
I am very happy for you. You have done extremely well in your board examination. Your hard work has been rewarded.
Today you are standing at the threshold of your career. You have to take the right decision. Do not take up any stream blindly simply because of your friends or family pressure. Choose the stream of your own interest.
Since you are good in mathematics, I would advise you to take up science stream. This is my personal opinion. The final decision will be yours. Do inform me about your decision.
With love and affection,
Your brother
XYZ
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