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You make a fixed deposit of Rs 6,00,000 in a Nationalised Bank for 5 years . The annual interest rate is 12 % pa. What

You make a fixed deposit of Rs 6,00,000 in a Nationalised Bank for 5 years . The annual interest rate is 12 % pa. What is the amount you will receive after five years if the interest is compounded Annually ? And what will be your answer if the interest is compounded Quarterly ?

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