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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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