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

  • Rs. 8510
  • Rs. 8620
  • Rs. 8730
  • Rs. 8820
Similar Questions :

1. A man saves Rs 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years.

  • Rs 662
  • Rs 662.01
  • Rs 662.02
  • Rs 662.03

2. Effective annual rate of interest corresponding to nominal rate of 6% per annum compounded half yearly will be

  • 6.09%
  • 6.10%
  • 6.12%
  • 6.14%

3. Find the compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually.

  • Rs. 610
  • Rs. 612
  • Rs. 614
  • Rs. 616

4. The present worth of Rs.169 due in 2 years at 4% per annum compound interest is

  • Rs 155.25
  • Rs 156.25
  • Rs 157.25
  • Rs 158.25

5. Find the compound interest on Rs.16,000 at 20% per annum for 9 months, compounded quarterly

  • Rs 2520
  • Rs 2521
  • Rs 2522
  • Rs 2523
Read more from - Compound Interest Questions Answers
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