If you plan to save Rs. 5,000 with a bank at an interest rate of 8%, what will be the worth of your amount after 4 years if interest is compounded annually?

(A) Rs. 5,400. (X)
(B) Rs. 5,900. (X)
(C) Rs. 6,600. (X)
(D) Rs. 6,802 ()

Answers: If you plan to save Rs. 5,000 with a bank at an interest rate of 8%, what will be the worth of your amount after 4 years if interest is compounded annually Rs. 6,802.