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What is the sum of money will amount to 11035.50 in four years at compound interest for 1st, 2nd, 3rdand 4th years being 4%, 3%, 2% and 1% respectively |
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Answer» Step-by-step EXPLANATION: A=9000×(1+ 100 12
)(1+ 100 15
)(1+ 100 20
) A=9000× 100 112
× 100 115
× 100 120
A= 100 112×115×12×9
A=13910.40Rs |
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