allery₹8000 earns 10% yearly. All first-year interest is withdrawn; the principal stays. Balance after year two?
A₹8000
B₹9600
C₹8800
D₹9680
Answer & Solution
Correct answer: C. ₹8800
The first withdrawal leaves ₹8000, which earns ₹800 in year two, giving ₹8800.
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