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Albert invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Albert get on maturity of the fixed deposit ?

Correct Answer: None

Explanation:

Amount =  8000 1 + 5 100 2


 


= 8000 x 21/20 x 21/20 


 


= Rs. 8820


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