mr sham has invested rs 7000 in bank that offers him 7% compound (yearly) rate oo interest what would be his expected return after 5 years
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Answer:
P= Rs. 7000; R=7% p.a =7% per half-year; T=1 year =2 half-years.
∴ Amount =[7000×(1+ 100 5 ) 2 ]
= Rs. (7000× 20 21 × 2021 )
=16,537.50
Step-by-step explanation:
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