If you plan to save Rs. 5,000 with a bank at an interest rate of 8%, what will be the worth of your amount after 4 years if interest is compounded annually? | MCQ Hive

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Q If you plan to save Rs. 5,000 with a bank at an interest rate of 8%, what will be the worth of your amount after 4 years if interest is compounded annually?

A A. Rs. 5,400
B B. Rs. 5,900
C C. Rs. 6,600
D D. Rs. 6,802

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