Dev deposited Rs. 6210 in Bank with 62% per annum. Find amount he got after 6
years
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ANSWER
Dev diposited Rs 6210 in a bank.
Rate =6% per annum compounded annually.
Time=
2
3
years.
We know that,
Total amount =P(1+
100
R
)
n
=20000(1+
100
10
)
2
3
=22000
Interest=Amount−Principle=22000−20000=2000
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