Mathematics · Simple and Compound Interest

In a financial institution, any amount kept in a fixed deposit for five years matures to double the amount. If a person invested Rs. 4,000 in each of the years 2001, 2006, and 2011, what is the total amount he will get upon maturity in 2016?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Correct answer

Rs. 28,000

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