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Mr . Hari wishes to have Rs . 5 , 7 5 , 0 0 0 after 1 0 years for his son's higher

.

Hari wishes to have Rs

. 5, 75, 000

after

10

years for his son's higher education. The prevailing interest rate is

12 %

.

.

He presently has Rs

. 2, 00, 000

in his savings bank account. Is it possible to achieve his goal of accumulating the required amount after

10

years with this amount? Explain.

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