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Class 10 > Learn Mathematics > If 6 years ago you invested Rs. 500 and received an...
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If 6 years ago you invested Rs. 500 and received an interest rate of 4% (compounded monthly), how much would you now have?

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Rate = 4%= 0.04 Amount = 500 since compounded monthly = no of years x 12=6 x 12 = 72 total amount = 500 x(1+0.04)^72 Rs. 8421.131.
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