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    Question

    Anil deposited Rs.8,000 in a two-year fixed deposit

    scheme on compound interest compounded annually at 5% per annum. Find the maturity value of the fixed deposit.
    A Rs.8,820 Correct Answer Incorrect Answer
    B Rs.8,450 Correct Answer Incorrect Answer
    C Rs.8,680 Correct Answer Incorrect Answer
    D Rs.8,900 Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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