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A person deposited 50000Rs for his son o...

A person deposited `50000Rs` for his son of age `10` years, in a monetary fund. The fund investing that money at the rate of `4%` simple interest per annum, gave the sone a quantity of `1200Rs` at the end of every year. The annual expenses of the fund is `300Rs`. After fulfilling `18` years, what amount the boy will get from the fund?

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