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If you deposit Rs.100 in the bank today and it earns interest at a rate of 8% compounded annually, how much will be in the account 50 years from today?
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If you deposit Rs.100 in the bank today and it earns interest at a rate of 8% compounded annually, how much will be in the account 50 years from today?

User Poorya Mohammadi
by
4.4k points

1 Answer

3 votes

Answer:

400

Step-by-step explanation:

(8%×50)×100=

(8/100×50)×100=

(8/2)×100=

4×100=

400

User Kelly ChowChow
by
4.3k points
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