Business, 08.01.2021 06:20, alexismurcia550

Rabindra and Sita decided, for their daughter's higher studies, to deposit a fixed amount monthly on her newly
opened bank account, starting on the first month of the
birth of their daughter Kumud till she celebrates her 20th
birthday. The bank pays an interest of 10% per annum
calculated on daily deposit and paid quartery. Calculate:
1. How much is the value of the deposit at the end of 20th
year if the monthly deposit was Rs 1,000/- ?

Answers: 1

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Rabindra and Sita decided, for their daughter's higher studies, to deposit a fixed amount monthly o...