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Madhu makes a fixed deposit of Rs. 15,000 in a bank, for two years. If the rate of interest is `10%` per annum, compounded annually, then find the mauturity value.
A. Rs. 3150
B. Rs. 17,500
C. Rs. 16,750
D. Rs. 18,150

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Best answer
Correct Answer - D
`USe,A=P(1+(r)/(100))^(n)`

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