Multiple choice

Mr. Rohan deposits Rs. 4000 today in a bank which pays 14% interest compounded annually, how much will the deposit grow to after 6 years?

  1. Rs. 8580

  2. Rs. 8780

  3. Rs. 8087

  4. Rs. 8080
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Using compound interest formula A = P(1 + r)^n: A = 4000 × (1.14)^6 = 4000 × 2.1949 ≈ Rs. 8780. Option B matches this calculation.

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