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Q: Ram deposited an amount of `8,000 in a bank savings account with interest 6.5% compounded monthly. What amount will he get at the end of 18 months?
  • A. `8790.54
  • B. `8907.56
  • C. `8788.98
  • D. `8816.97
Correct Answer: Option D -
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Explanations:

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