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Maths Puzzle
Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit?
A. Rs. 8600 B. Rs. 8620
C. Rs. 8820 D. None of these
Read Solution (Total 1)
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- Amount = Rs.8000(1+ 5/100)^2;
= Rs.8000(21*21 / 20*20);
= Rs. 8820. - 11 years agoHelpfull: Yes(0) No(0)
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