self 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

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self Other Question

The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:

A. 3 B. 4
C. 5 D. 6

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:

A. 6.06% B. 6.07%
C. 6.08% D. 6.09%