Mr. David deposits Rs 1200 now, Rs 800 two years from now and Rs 1000 five years

Question

Mr. David deposits Rs 1200 now, Rs 800 two years from now and Rs 1000 five years from now. If the savings bank's rate of interest in 5%, he will receive an amount of Rs X, 10 years from now, where ‘X’ is

Options:

A . Rs. 3415

B . Rs. 4225

C . Rs. 4413

D . Rs. 4826

Answer: Option C

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