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Ram deposited an amount of ₹ 8,000 in a ...

Ram deposited an amount of ₹ 8,000 in a bank’s savings account with interest 6.5% compounded monthly. What amount will he get at the end of 18 months?

A

Rs 8816.97

B

Rs 8788.98

C

Rs 8907.56

D

Rs 8790.54

Text Solution

Verified by Experts

The correct Answer is:
A
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