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Avni has just retired from the post of Consumer Loan Area Manager in a multinational bank. She has received a gratuity of Rs. 75 lakhs
Avni has just retired from the post of Consumer Loan Area Manager in a multinational bank. She has received a gratuity of Rs. 75 lakhs which she has deposited for five years in a fixed deposit account that pays compound interest at the rate of 6.50 per cent per annum. Required How much money would Avni receive at the end of the fifth year1 ?
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