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Krish invested an amount of Rs. 6000 in a fixed deposit scheme for 2 years at compound interest rate 5 %p.a. How much amount will Krish get on maturity of the fixed deposit?
Rs5875
Amount=6000*(1+5/100)2 =6000*21/20*21/20 =Rs 6615.
Hence, option 1 is the correct answer.
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