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Lathika deposited 25,000 rupees in a bank which gives 8% interest compounded half-yearly. Najma deposited the same amount at the same rate of interest, but compounded quarterly. What is the difference in the amounts they would get back after one year? |
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Answer» Lathika deposited 25,000 rupees in a bank which gives 8% interest compounded half-yearly. Najma deposited the same amount at the same rate of interest, but compounded quarterly. What is the difference in the amounts they would get back after one year? |
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