6.22 Mr. Raghu deposits Rs. 10,000 in a bank now. The interest rate is 10 percent and...

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6.22 Mr. Raghu deposits Rs. 10,000 in a bank now. The interest rate is 10 percent and compounding is done semi-annually. What will the deposit grow to after 10 years? If the inflation rate is 8 percent per year, what will be the value of the deposit after 10 years in terms of the current rupee?

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