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1. What would a sum of Rs 1500 grow into after 5 years if it is invested in a bank that gives an interest of
1. What would a sum of Rs 1500 grow into after 5 years if it is invested in a bank that gives an interest of 2% per quarter compounded weekly. (Assume every month contains 4 weeks) 2. What would be the current value of Rs 6,000 that is expected to be received after 5 years. Assume the rate of interest at which it can be invested is 7.5% per annum compounded monthly. Needs teacher to check
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