Albert invested Rs. 6500 in a scheme for 2 years at compound interest rate 6.5% p.a. How much amount will Albert get on maturity of the fixed deposit?
Pick
A) s . 8829  B) s . 7200  C) s . 7200.5  D) s . 4000  E) s . 7372.46

Rationale: amount = [ 6500 * ( 1 + 6.5 / 100 ) 2 ] = 6500 * 106.5 / 100 * 106.5 / 100 = rs . 7372.46 answer : e
Answer: E