Mathematics · Compound Interest
Romesh opened a fixed deposit account in his bank for 3 years by depositing &237;80,000. The bank has promised to pay him compound interest annually at the rate of 7% per annum. What is the maturity value of his FDR? (Nearest to a rupee)
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1&237;98,900
- 2&237;98,010
- 3&237;98,970
- 4&237;98,003✓
Correct answer
&237;98,003
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