Mr. A deposits Rs 10,000 in a bank for 6 years. If the interest rate is 12% and the frequency of compounding is four times a year, what will be the size of deposit after 6 years?
A person saves Rs 10,000 every year for 18 years so that he will get a lumpsum amount thereafter to do a business. He expects that his savings should earn 8% interest. Find the size of the lumpsum amount.
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