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(e) An investor has deposited Rs 100 in a bank account for 5 years at 8% interest. Find out the amount which he will have
(e) An investor has deposited Rs 100 in a bank account for 5 years at 8% interest. Find out the amount which he will have in his account if interest is compounded: (i) Annually (2 marks) (ii) Semi annually (2 marks) (iii) Quarterly (2 Marks)
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