9.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 D. None of these
Answer: Option C
Explanation:
Amount
|
|
|
= Rs.
|
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8000 x
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21
|
x
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21
|
|
20
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20
|
|
|
= Rs. 8820.
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Title :
Compound Interest Q9
Description : 9.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 A...
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