Question

Ms. Nidhi deposited 5,000 in the bank as a mutual fund because the bank promised to give 9.15% simple interest p.a. The bank changed the rules and dropped its S.I. rate by 3.05% each year. Find out the year when the bank will stop paying interest to Ms. Nidhi, if she deposited the money in Jan, 2010. Also find out what will be the total sum of money she will receive at that time.​

Answer 1

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Answer 2

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Hru ??