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Interesting Math Facts #shorts #youtubes...

Interesting Math Facts #shorts #youtubeshorts

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An agreement, which in fact is a contract, between the RBI and Banks for the sale and repurchase of Government securities and short term treasury bills at a future date and for which the RBI indicate the interest rate", is generally known as:

A sum of Rs 1000 is invested at 8% simple interest per year.Calculate the interest at the end of each year.Do these interests form an AP? If so,find the interest at the end of 30 years making use of this fact.