Mathematics · Compound Interest
Roshan invested a sum of Rs. 7,700 in a fixed deposit scheme for 2 years at compound interest, compounded annually at 4% per annum. How much amount will Roshan get on maturity of the fixed deposit?
- 1Rs. 8864.30
- 2Rs. 8328.32✓
- 3Rs. 5433.55
- 4Rs. 6000.44
Correct answer
Rs. 8328.32
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