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Question
The meeting of the Meenkar Bank has just begun. Fazila is the president. Twenty fisherwomen have made their own bank. Each saves Rs 25 every month and puts it in the bank.
How much money will be collected in ten years?
Solution
Collection for 1 month = 500
Hence, collection of 1 year
= 12 × 500
= 6000 rupees (There are 12 months in a year)
Hence, collection of 10 years
= 10 × 6000
= 60000 rupees.
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