search
Q: A invested a sum of 12000 in a fixed deposit scheme at an annual interest rate of 5% for 2 years, compounded annually How much amount will A get on maturity of the fixed deposit?
  • A. `11,280
  • B. `12,450
  • C. `13,230
  • D. `14,560
Correct Answer: Option C -
answer image

Explanations:

explanation image