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Question

Mohan deposited Rs.80 per month in a cumulative deposit account for six years.  Find the amount payable to him on maturity, if the rate of interest is 6 % per annum.


  1. 6830.20

  2. 6811.20

  3. 6831.20

  4. 6711.20

  5. 6820.20


Solution

The correct option is B

6811.20


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