Aptitude - Compound Interest - Discussion

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Q.

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. 8840 D. Rs. 8820

Answer: Option D
Explaination:

 


Discussion

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