Ram deposited an amount of Rs 8000 in a bank’s savings account with interest 6.5% compounded monthly. What amount will he get at the end of 18 months?

Ram deposited an amount of Rs 8000 in a bank’s savings account with

1.	Ram deposited an amount of Rs 8000 in a bank’s savings account with interest 6.5% compounded monthly. What amount will he get at the end of 18 months?
A.	₹8816.97
B.	₹8788.98
C.	₹8907.56
D.	₹8790.54
Answer» B. ₹8788.98

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Ram deposited an amount of Rs 8000 in a bank’s savings account with interest 6.5% compounded monthly. What amount will he get at the end of 18 months?

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