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37 answers

Answer to Q.10

Given,

Amount is deposited at the end of every year.

Term = 10 Years

Initial deposit is at the end of rst year which is Rs. 10,000

Annual increase in depositing amount = Rs. 2,000

Interest rate = 20%

Total amount at the end of the 10th year will be Rs. 4,19,173.65

Note: All calculations are rounded off to 2 decimal places.

As per Chegg's policy only one question is to be answered at a time.

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