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Aptitude · Q9

Compound Interest

Competitive Exams · Aptitude · question 9

Q9

Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit?

A.
Rs. 8600
B.
Rs. 8620
C.
Rs. 8820
Answer
D.
None of these

Answer: Option C

Solution

Answer: Option C
Solution: