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A Receives Rs. 50,000 at the age of 10 y...

A Receives Rs. 50,000 at the age of 10 years from his father. He invested that money in a trust. The trust give him Rs. 1200 per year and spent Rs. 300 per year to manage that money . How much amount will the boy receive at age of 18 years if the rate of interest is 10% p.a.

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The correct Answer is:
Rs 78000
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