Mathematics · Compound Interest
The given table shows the rate of compound interest given by six banks on fixed deposits under different slabs: BankRs. 10,000 to Rs. 99,999Rs. 1,00,000 to Rs. 4,99,999Rs. 5,00,000 to Rs. 9,99,999Rs. 10,00,000 or moreA5%5.5%6%6.5%B5.2%6%6.3%7%C4%4.2%5%5.8%D6%7%8%9%E6%6.5%7%8%F5%6%6.5%7% If a person deposits Rs. 6,00,000 in fixed deposits for 2 years in bank C and Rs. 2,00,000 in fixed deposits for 2 years in bank F, then what is the total interest earned by him from both banks?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 80,440
- 2Rs. 86,220✓
- 3Rs. 90,210
- 4Rs. 84,280
Correct answer
Rs. 86,220
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