Mathematics · Compound Interest
A invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at a compound interest rate of 5% per annum. What will be the amount payable on maturity?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 8400
- 2Rs. 8820✓
- 3Rs. 8080
- 4Rs. 9800
Correct answer
Rs. 8820
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