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Question
Samad was planning on depositing a certain amount of money each month into a bank. He then decided not to make any contributions during May and June. To make the same annual contribution that he had originally planned, by what percent should he increase his monthly deposits?
16.66%
20%
25%
33%
None of these
ANSWER : 2
Descrption
<p>Let, amount of monthly deposit is Tk. 100</p> <p>Amount of yearly deposite = 12×100 = Tk. 1200</p> <p>In 10 month amount of deposit Tk. 1200</p> <p>In 1 month amount of deposit Tk. 1200/10 = 120 </p> <p>Percentage increase in monthly deposit = 120 - 100 = 20 % </p>
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