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A person invested Rs.12,000 in a fixed deposit scheme for 2 years at the rate of 5% compound interest. How much amount will be got on maturity of the
Question

A person invested Rs.12,000 in a fixed deposit scheme for 2 years at the rate of 5% compound interest. How much amount will be got on maturity of the fixed deposit?

A.

Rs. 13,200

B.

Rs. 13,430

C.

Rs. 13,230

D.

Rs. 12,600

E.

answer not known

Correct option is C

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