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Question
Mr Bhaskar saves Rs 8756 every month. How much money will he save in 13 years?
Solution
We know that
1 year = 12 months
13 years = 13 x 12 = 156 months
Now, we have:
Amount saved by Mr Bhaskar in one month = Rs 8756
Amount saved in 156 months = Rs 8756 ×× 156 = Rs 1365936
∴ Mr Bhaskar will save Rs 1365936 in 13 years.
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