You opened an account in City bank. . a. If you deposit Rs 10,000 per year for 5 years, how much shall it grow at the end of 5 th year? The bank pays…
2025 · Solved Question with Answer
You opened an account in City bank. .
a. If you deposit Rs 10,000 per year for 5 years, how much shall it grow at the end of 5th year? The bank pays interest at the rate of 10 percent per year.
b. What rate will you earn if you deposited Rs 50,000 in the bank account today and that doubles in 6 years?