Mathematics · Compound Interest
Albert invested an amount of Rs. 6000 in a fixed deposit scheme for 3 years at a compound interest rate of 5% p.a. How much will Albert get on maturity of the fixed deposit?
- 1Rs. 6945.75✓
- 2Rs. 6345.75
- 3Rs. 6445.75
- 4Rs. 6955.75
Correct answer
Rs. 6945.75
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