How did akaky akakievich save money for the overcoat of class 6 English ch 2 the overcoat?
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Akaky decides it is necessary to have the coat repaired, so he takes it to his tailor, Petrovich, who declares the coat irreparable, telling Akaky he must buy a new overcoat. ... Finally, with the addition of an unexpectedly large holiday salary bonus, Akaky has saved enough money to buy a new overcoat
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Explanation:
Principal (p) = Rs 1000 Rate (r) = 8% Time = 1 ½ years = 3/2 × 2 = 3 half years By using the formula, A = P (1 + R/100) n = 1000 (1 + 8/100)3 = 1000 (208/100)3 = Rs 1124.86 ∴ Compound Interest = A – P = Rs 1124.86 – Rs 1000 = Rs 124.86Read more on
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