Question

Amit deposited ₹800 in a bank that gives 9% interest for fixed deposits. Then, he would get after two years.

• A. ₹944
• B. ₹950
• C. ₹954

Answer 1

The correct option is A ₹944

The interest for one year is 9% of the deposit.

That is $\frac{9}{100}\times 800=₹72$

Since, Amit deposits money for two years hence he gets interest for two years.

That is $2\times 72=₹144$

So, after two years he gets
Amount = principal + interest
Amount = ₹800 + ₹144
Amount = ₹944