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You will get approximately Rs. 4, 85,660. How? First year principal is Rs. 1, 35,000 @ 8.7% and minimum annual investment of Rs. 500. At the end of first year, you will get 1, 46,745. To this you will add Rs. 500. Apply simple compound interest formula and to calculate the final amount.

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Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...


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