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What will the deposit grow to after ten years

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Problem 1: Mr. Raghu deposits Rs. 10000 in a bank now. The interest rate is 10% and compounding is done semi-annually. What will the deposit grow to after 10 years? If the inflation rate is 8% per year what will be the value of deposit after 10 years in terms of the current rupee?

Reference no: EM132760654

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